This project analyzes public perceptions of central bank digital currencies (CBDCs) in New Zealand, a country researching CBDCs alongside 93% of central banks worldwide. We conducted five interviews with scholars and banking experts, 25 ad-hoc interviews with business employees, 50 public interviews, and field-tested an online survey. We found that digital currency awareness, cybersecurity concerns, and government distrust may impact public CBDC adoption. We identified opportunities for public CBDC usage and recommended strategies to further increase and evaluate CBDC awareness.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Qureshi, Humza
• Chartier, Connor
• Cluett, Michaela
• Kushwaha, Sukriti

Subject

• Infrastructure
• Security
• Innovation
• Inclusion
• Industry
• Community

Publisher

• Worcester Polytechnic Institute

Identifier

• 117984
• E-project-022824-204630

Keyword

• Central Bank
• Digital Currency
• Central Bank Digital Currency
• CBDC
• Pilot Study
• New Zealand

Advisor

• Stafford, Kenneth A.
• Dodson, Leslie Lynn
• Shockey, Ingrid K.

Year

• 2024

Center

• Wellington, New Zealand Project Center - IQP

Sponsor

• Dr. Jennifer Ferreira

UN Sustainable Development Goals

• 17 - Partnerships for the Goals

Date created

• 2024-02-28

Resource type

• Interactive Qualifying Project

Source

• E-project-022824-204630

Rights statement

• In Copyright