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.