Economy & Politics

PodcastGiesecke + Devrient CEO Ralf Wintergerst: “The blockchain is a dead end”

G + D CEO Ralf Wintergerstimago images / Overstreet

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,’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!


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