CBDCs Turn Up Heat on Banks, May Spurn Distributed Ledgers, Study Suggests

Profit-driven banks may be more interested in seeking out wealthy clients, rather than ensuring access to the financial system for the 1.7 billion people who don’t have access, the FSI argued. By allowing new kinds of private payment providers into the market, “CBDCs could introduce more vibrancy and innovation, leading to more tailored and compelling value propositions for both payers and payees,” the report says.

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