The Bank of Canada is looking at the possible adoption of a digital dollar and has found that most participants say they feel well served by current means of payment. The Canadian central bank has been exploring a digital form of payment, known as a central bank digital currency (CBDC), over the last few years. This has included research into payment preferences in the area, with a new study published on October 28 titled ‘the consumer value proposition for a hypothetical digital Canadian dollar.’ While there has been rapid digitalization in many industries, the bank has found that while interest exists in a hypothetical digital currency, this does not necessarily translate into adoption. “Most participants felt well served by current means of payment.

BING NEWS:
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    10/29/2024 - 4:45 am | View Link
  • Canadians feel well served by current means of payment, says Bank of Canada on topic of digital dollar
    The Bank of Canada is looking at a possible adoption of a digital dollar and finds most people say they feel well served by current means of payment.
    10/29/2024 - 1:38 am | View Link
  • How Canadians pay for things
    As the central bank and sole issuer of bank notes in Canada, the Bank of Canada needs to stay on top of payment trends ... The situation is by no means unique to Canada—several other countries have ...
    10/23/2024 - 1:00 pm | View Link
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