Lane spoke at an online panel discussion hosted by the Central Bank Payments Conference, stating that the Bank of Canada has been developing a central bank digital currency, or CBDC, at “a good pace.” He said the bank would need to hold consultations regarding what Canadians expected from a digital currency, but added Facebook (NASDAQ:FB)’s efforts introducing Libra could help improve cross-border payments. He additionally noted that it could help unbanked and underbanked people become part of the global economy.
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