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Bank of Japan research: offline central bank digital currency payments

by CBDC Insider Staff
July 3, 2020
in Asia, Business
Reading Time: 1min read
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Bank of Japan research: offline central bank digital currency payments
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Yesterday the Bank of Japan (BoJ) published a research paper on central bank digital currency (CBDC). As with previous papers, the Bank explored a specific topic, in this case, the potential offline use of a digital yen.
Although it’s a research paper, the Bank recognizes there will be a growing need for a digital currency with the steady decline in the use of cash. However, in Japan, four out of five retail transactions still use cash.

Continue read: https://ledgerinsights.com/bank-of-japan-offline-central-bank-digital-currency-payments/

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