Bank of Canada report questions the value of CBDC

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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 Bureauhttps://talkfintech.com
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.

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