The world is changing, just as once visualized by the Lord of the Rings author J.R.R. Tolkien. Financial systems, payment systems, and transfers are all going digital. Cash usage is in decline all over the world. As an additional (but totally new generation) payment choice, central bank digital currency (CBDC) is the future of money and payment systems.

New-generation digital identities are about to replace conventional government-issued legal identity documents.