. Central bank digital currencies and retail fast payment systems can serve the public interest through greater convenience and lower costs, while maintaining the system’s integrity, it said.
This could soon involve “superior technological representations of M0 ”, including wholesale and retail CBDCs, which will offer benefits of crypto, including immediate settlement to reduce counter-party risk. BIS pointed to 28 pilots under way to issue retail CBDCs, including one by the People’s Bank of China, which now counts 261 million users., who will travel to Switzerland this week to meet other central bank governors, has discussed the importance of “tokens” in his recent speeches on payments.
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