Therefore, it could be beneficial to offer a digital complement to cash to foster digitalisation in Europe. It all boils down to trust. A CBDC available to all citizens would ensure the stabilising effect of central bank money in payments.
One key criterion for confidence in our money is that people can exchange the "private" money they deposit with their commercial bank at any time, at face value, into central bank money. Public money is therefore the anchor of a well-functioning payments system and ultimately ensures confidence in the stability of our currency.