US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’

by Aurelia Butler 18 April 2023, 21:40 139 Views

Bowman expressed doubt about the need for a CBDC to improve the payment system or its ability to enhance financial inclusion in the United States. A CBDC would have to beat the performance of the new FedNow system to earn a place on the market, and the 4.5% of Americans who do not have bank accounts are unlikely to want to use a CBDC. Bowman added:

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Source: Cryptocurrency - investing.com

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US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’

Stocks making the biggest moves after hours: Netflix, United Airlines, Western Alliance, Interactive Brokers and more

FirstFT: China economy rebound beats expectations

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