Digital Money and Payment Systems 2022

A legal, economic and technological analysis of the world of Digital Money and Payment Systems in 2022 in Spain and the world.

Digital Money | Payments | Digital Assets | Digital Euro | Payments | MiCA | Tokenisation | European Digital Identity | Financial Sanbox | Role of Banks | Wallets | NFTs | Financial Infrastructures | Regulation | CBDC | Cash | Pilot Scheme | Cryptocurrencies | DeFi | Platforms | BigTech | Treasury | European Union

What does it consist of?

The document presented here constitutes a useful tool for understanding a certainly complex phenomenon. Professionals in law, economics, finance and citizens in general may be more or less familiar with the concepts of digital money, cryptoassets, digital identity or the technologies that today determine the evolution of financial infrastructures, but what is extremely difficult to do is to keep up to date and have a rigorous conceptual framework from the different perspectives from which these issues must be approached today. This is where this document is of great value.

At the initiative of Fide’s Digital Money and Payment Systems Working Group, we have brought together professionals from the fields of law, economics, finance and technology to help us understand this reality, to propose initiatives and approaches from their respective fields that they believe should be taken into consideration by the national authorities or, where appropriate, to provide valuable information to all citizens interested in making responsible decisions in the financial sphere. And we believe that they have achieved their objective. 

This document is interesting reading for both experts and the initiated, and above all, it is a comprehensive overview of a reality that will change a very important aspect of our lives and our society as a whole.  

List of Authors

In this list of authors, we have highlighted the most relevant aspects of each of the professionals who have contributed an original article to the document. The Fide Foundation would like to thank this magnificent group of professionals for their participation* in this document.

Special Acknowledgement

Pablo Hernández de Cos

Governor of the Banco de España

Alfonso Gómez

CEO of BBVA in Switzerland

José Manuel Marqués Sevillano

Head of the Financial Innovation Division at the Bank of Spain

Gloria Hernández Aler

Partner finReg360. Academic Advisor of Fide. 

Alfredo Muñoz

Professor of Commercial Law UCM. Experto of the Digital Euro Association.

Montse Guardia

CEO and co-founder of Big Onion. Academic Advisor of Fide.

Isabela Delgado

Adviser in the Technical and Financial Analysis Office of the Public Spanish Treasury

Andrés Barragán

Director of the Technical Office and Financial Analysis of the General Secretariat of the Treasury and Treasury Financing

Lorena Mullor

Policy Advisor, Public Policy Department of the Spanish Banking Association (AEB)

Miguel Ángel Cestero

Managing partner at JB46 Investment Partners

José Luis Langa

Deputy General Manager of Iberpay

Miguel Ángel Fernández Ordóñez

State Economist. Former Governor of the Banco de España.

Gonzalo Suárez Martín

Director of Analysis and Strategy at Loomis Spain

Laura Sacristán Martín

Commercial Director of the BME Group. Academic Advisor of Fide.

Diego García Novillo

Lawyer in the legal department of the BME-SIX Group.

Santiago Márquez Solís

CTO of Clluc

Julio Faura

CEO of

Teresa Rodríguez de las Heras Ballell

Professor of Commercial Law at the Universidad Carlos III de Madrid. Academic Advisor of Fide.

*All the people who have participated in this Fide working group have done so in a personal capacity and not on behalf of the entities, offices, universities or companies where they carry out their professional work, so these conclusions do not reflect and do not contain institutional positions but rather the individual positions of each of the members of the group.

Document Coordination and Direction


President of the Fide Foundation


Academic Coordinator of the Fide Foundation


Director of Fide’s DDSP Working Group and Academic Advisor of the Fide Foundation


Marketing and Digital Development at Fide Foundation

Manuel Calero

Associate, finReg360. Copywriter of Fide’s DDSP Working Group

Working Group

Digital Money
and Payment Systems

The Digital Money and Payment Systems Working Group (DDSP) is the evolution of the Digital Currencies Group that was created in FIDE following Facebook’s announcement of its intention to launch the “Libra” cryptocurrency in 2019. 

The DDSP Group identifies, debates and proposes changes brought about by the arrival of new technologies in the wider world of money, and studies the impacts and developments in payment systems, market infrastructures, financial and banking systems, and their regulation.

Parallel to the current monetary and financial systems, new actors and financial services are emerging around cryptoassets and tokenisation, which provide new ways of transferring or managing value, hand in hand with technologies such as blockchain and encryption. At the same time, tech giants are becoming increasingly important players in payments and other financial fields given their digital dominance.

This phenomenon requires not only an adjustment in the regulatory map but also in the strategy of countries and companies as they respond to the adaptation of the world of money to the inevitable changes in technology. And given the importance of money in the economic life of any country, this adaptation is key to the continuation of economic and social progress.


Rellene el formulario y alguien de nuestro equipo se pondrá en contacto con usted brevemente.