Depending on the design of a CBDC, private actors could offer completely automated payments based on smart contracts. For example, electric car charging could be paid for immediately and without further intervention by the driver.
As well, assessments of the demand on each denomination have to be done, and these showed an over reliance [83% of total currency in circulation] on the $ indicating the need for a higher denomination. But equally important is the need to ascertain the public’s acceptance and readiness for a higher value bank note.