Bank of Canada report questions the value of CBDC


Share post:

A Bank of Canada discussion paper has questioned the usefulness of a central bank digital currency in addressing unmet payment needs in a cashless environment.

The central bank of Canada has been researching a digital loonie and what design elements would be relevant to citizens with various payment needs and circumstances over the past few years.

However, bank employees note in a recent paper that most Canadians do not encounter barriers to using a variety of payment methods, and that this would likely remain the case in a cashless society.

Read More: Bank of Canada paper casts doubt on CBDC value

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

Solutions by Text Appoints New Chief Product Officer to Bring Payments & Messaging into New, Autonomous Era

Solutions by Text, creator of FinText, an embedded messaging and payments platform for consumer finance businesses, today announced...

Arta Finance Hires Tomas Arlia to Expand Alternative Investment Offerings

Arta Finance, a fintech company transforming the way people grow, protect and enjoy their wealth, today announced the addition...

Varo Bank Introduces “Varo to Anyone”

Varo Bank announced the launch of "Varo to Anyone," an instant payment service with options for sending money,...

London & Capital Associates with Addepar to Offer Investment Management and Reporting Solutions Globally

London & Capital collaborates with Addepar to introduce portfolio analysis, data modeling, tailored investment management, and performance reporting...