This coexistence has been a powerful driver of stability and innovation. But digital disruption and the declining use of cash – the only form of sovereign money currently available to the public – are threatening to upend this balance. Consumers are increasingly turning towards non-cash payments. Only 20% of the cash stock is now used for payments, down from 35% fifteen years ago.
Rather than being driven by the services offered by other players, why not drive developments yourselves and reap the respective benefits? Those market participants that take this opportunity to offer innovative payment services to their customers at pan-European level will be ready for the payments landscape of tomorrow and beyond; perhaps even into the 22nd century. 3/3  BIS central bankers' speeches