Podcast Sessions: Cash Me If You Can: European Central Bank’s Digital Euro HoD Eric Tak Explains Border-Free Wallets
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Cash Me If You Can: European Central Bank’s Digital Euro HoD Eric Tak Explains Border-Free Wallets
Eric Tak has headed the ECB’s Product Proposition Division of the Directorate Digital Euro since June 2024. He is responsible for managing the design and refinement of the digital euro product proposition, including the distribution model via payment service providers, liaising closely with internal and external stakeholders.
On The Menu:
- Preserving cash benefits while enabling remote digital transactions.
- Offline payment functionality using token-based NFC technology solutions.
- Consumer adoption incentives beyond the current payment method satisfaction.
- Non-programmable money approach despite social media speculation buzz.
- Stablecoin differences, central bank backing versus private money.
- Innovation competition strategy, the private sector is building on the ECB platform.
- European payment sovereignty and universal accessibility mission goals.
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