Retail CBDC

Current Problem and Future Opportunity

Today’s retail payment systems face challenges, including high transaction costs, limited accessibility in underserved regions, and inefficiencies in cross-border payments. Retail CBDCs present an opportunity to address these issues by offering a digital, government-backed currency accessible to individuals and businesses.

Knox’s retail CBDC solution enables central and commercial banks to deploy and manage retail CBDCs effectively, creating a secure, scalable, and user-friendly digital payment ecosystem.

Wholesale CBDC Features

Knox’s retail CBDC platform addresses accessibility, cost, interoperability, and compliance challenges, providing a robust solution for central and commercial banks:

• Real-time transactions: Instant, peer-to-peer digital payments for retail users, with finality.
• Interoperable systems: Seamless integration with existing payment rails and financial systems.
• Programmable transactions: Enable smart contracts for conditional payments, subsidies, or other policy objectives.
• Digital wallets: Knox provides secure, user-friendly wallets for individuals and businesses to transact in CBDCs.
• Privacy with compliance: Balances user privacy with regulatory requirements, incorporating KYC/AML checks.
• Scalability: Supports high transaction volumes, ensuring seamless adoption at national and international scales.

Example Retail CBDC Setup

Outcomes from Wholesale CBDC

Knox’s retail CBDC solution delivers key benefits to financial institutions and end users:

• Financial inclusion: Provides access to secure digital payments for underserved populations.
• Improved payment efficiency: Reduces costs and delays associated with traditional payment systems.
• Consumer trust and adoption: Offers a secure, government-backed alternative to private digital payment systems.
• Regulatory alignment: Ensures compliance with national and international legal frameworks.
• Future-proof innovation: Positions banks to lead in the next era of digital payments.

Knox’s retail CBDC solution equips financial institutions with the tools to transform the way individuals and businesses interact with money, creating a more inclusive and efficient financial system.