The discussion about digital central bank money, which has been simmering for a long time, has received a new boost these days: On Monday the European Central Bank gave the go-ahead for a test phase of the digital euro.
What exactly could an official digital currency look like? And what would it bring? Ralf Wintergerst put a lot of thought into these questions. The CEO of the Munich-based family company Giesecke + Devrient had a solution called Filia developed for his company, which is now offered to central banks. G + D has traditionally had good relationships with the central banks: “Currency Technology” is still the most important business area for the company, which was founded in 1852 as a banknote and securities printing company, which today employs 11,500 people and had a turnover of 2.45 billion euros last year.
How Filia works exactly and how the solution differs from cryptocurrencies is explained by Wintergerst in the podcast from Finance Forward, Personal-Financial.com’s fintech portal.
In the FinanceFWD podcast, Wintergerst talks about …
… the development of G + D and the current relevance of the banknote business
… the digitization of your own business
… payment habits in Germany and around the world
… the idea of digital central bank money, its advantages and disadvantages
… his criticism of cryptocurrencies
… the Filia project
… incubation, investments and takeovers
… the status of the Verimi identity project
… effects of the corona pandemic on G + D’s business
The FinanceFWD podcast is also available on Spotify, Deezer or iTunes. If you like the format, we look forward to every positive rating!