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DEPUTY MANAGING DIRECTOR TAO ZHANG’S KEYNOTE ADDRESS ON CENTRAL BANK DIGITAL CURRENCY

by CBDC Insider Staff
March 20, 2020
in Business
Reading Time: 1min read
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DEPUTY MANAGING DIRECTOR TAO ZHANG’S KEYNOTE ADDRESS ON CENTRAL BANK DIGITAL CURRENCY
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Digital currencies issued by central banks can bring a number of benefits.
First, a more efficient payments system. In some countries, the cost of managing cash can be very high on account of geography, and access to the payments system may not be available to the unbanked, rural, or poorer population. CBDCs can decrease costs and enhance efficiency.

Continue reading: https://finanz.dk/deputy-managing-director-tao-zhangs-keynote-address-on-central-bank-digital-currency/

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