SICPA is a leading provider of physical and digital security, authentication, identification and traceability solutions. Founded in 1927, headquartered in Switzerland and operating globally, SICPA technologies protect the majority of the world’s banknotes, identity and value documents. SICPA has conducted applied ecosystem research on central bank digital currencies, focusing on solutions for privacy-preserving, token-based ‘digital cash’ for use by the general public. SICPA’s mission is to enable trust through constant innovation.
The case for digital cash: safeguarding trust in public currency
For decades, SICPA has embraced innovation and technological advancements. In the realm of currency, the move to digital infrastructure creates a once-in-a-lifetime opportunity for stakeholders to steward the evolution of public good money: re-imagining cash in a new digital substrate that serves equally privacy and compliance, becoming a trusted force for good in society.
Physical cash today is the only form of universal privacy-preserving currency that is accessible to one and all. Alongside the rise of private digital currencies, we envisage a public form of digital cash that will complement physical banknotes. As a trusted partner of central banks and following extensive applied research into the hard questions and requirements for CBDC, we can offer preliminary answers for a workable tokenised retail CBDC. Digital cash that embodies and enhances the attributes of physical cash, in terms of access, inclusivity, efficiency, data protection, security and user experience, as well as privacy and compliance.
Richard Budel, Chief Commercial Officer Digital, SICPA S.A., will share more insights on our thinking in Panel II: The payments revolution from the consumer’s perspective
Thursday 29 April at 15.00-16.00 (UK) / 16.00-17.00 (CET)
Find out more about SICPA's approach to digital cash.