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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

The comments from the meeting in Germany come as a paper from the ECB found that cash still remains the dominant payment mechanism (at about 76 percent of transactions). He said that a wholesale CBDC, “restricted to a limited group of financial counterparties, would be largely business as usual.”.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings.

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