Abir said whether the public will adopt a digital shekel is uncertain, and the bank is conducting a behavioral study on the subject. He said that one has to have “a good set of use cases.” But in a nation where two large banks dominate more than 60% of the market, the main incentive is to create a “level playing field for payment providers and allow them to compete with the banks”
Bank of Israel CBDC Decision Won’t Occur Before the ECB’s Call on Digital Euro: Reuters
