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Philippine central bank embraces digital tokens By Cointelegraph

by CBDC Insider Staff
September 21, 2020
in Asia, Business
Reading Time: 1min read
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Philippine central bank embraces digital tokens By Cointelegraph
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The Philippine central bank sees digital tokens as a means to reduce the use of fiat money and improve the delivery of financial services in the country, even as the country is still studying its own digital currency.
Speaking to Bloomberg, Philippine central bank Bangko Sentral ng Pilipinas, or BSP, governor Benjamin Diokno said digital tokens “expand reach and lessen costs of financial services” as well as reduce the use of fiat money.

Continue read: https://upnewsinfo.com/2020/09/20/philippine-central-bank-embraces-digital-tokens-by-cointelegraph-2/

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