This figure displays the fraction of respondents for the Likert matrix question in which the rows correspond to the following payment methods: Cash, Debit Cards, Credit Cards, Mobile Payment Apps (e.g., Apple and Google Pay), Online Payment
Platforms (e.g., PayPal, Stripe), Peer-to-Peer Payment Apps (e.g., Revolut, Monzo), and Crypto and Stablecoins and the column header reads: “ On a scale from 1 to 5, how willing are you to replace these payment methods with Digital Pound? Consider each payment method carefully and rate them individually based on your actual willingness to use the Digital Pound for each”. The left plot displays the fraction of respondents selecting each of the five possible answers for Cash, Debit Cards, Credit Cards, and Crypto. The right plot displays the results for Mobile Payment Apps, Online Payment Platforms, and Peer-to-Peer Payment Apps.
This paper analyzes how the design of #CentralBank Digital Currencies #CBDCs, specifically the proposed Digital Pound in the #UK, affects consumer adoption & finds modest overall willingness to adopt.
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