3 The “recipe for success” for a digital euro 3.1 Broad usability, without unwanted side effects 3.2 Well-thought-out implementation at the front-end 3.3 Future-proof concept, enabling new business opportunities 3.4 A solid legal framework 3.5 Collaboration of all stakeholders 4 Conclusion  1 Introduction Ladies and gentlemen, Distinguished guests, I am delighted to be here with you today at this esteemed university in beautiful Cape Town.
I am looking forward to discussing with you a topic of immense significance that may be shaping the future of our financial systems – central bank digital currencies, or in short: CBDCs. The idea of CBDC is far from new. But only in the last few years, the theoretical concept has gained traction, with central banks entering into more practical experiments and prototyping.