Governor of the Central Bank of Peru Julio Velarde explained that CBDCs are rising as a solution for payments and credit that goes beyond banking integration, allowing deeper financial inclusion.
A World Economic Forum panel comprised of central bankers and global tech providers has profiled central bank digital currencies as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed.
governor of the Central Bank of Israel, noted several supposed advantages these new financial tools might present, but also highlighted the difficulties in implementing them efficiently.explained that, in his opinion, CBDCs are rising as a solution for payments and credit that goes beyond banking integration.
We are seeing faster payments, smart contracts, e-money, crypto assets, and stablecoins, and CBDC is a public good that can be complementary but can also crowd out some of these things. CBDC could be the bridge between the new digital economy and the standard economy.cross-border CBDC-based payment between Israel, Norway, and Sweden with the collaboration of the Bank of International Settlements .
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