Mexico's central bank, Banxico, plans to launch a CBDC by 2024, the Mexican government confirmed in a tweet on Wednesday. andresengler reports
The Central Bank of Mexico plans to launch a CBDC by 2024, the Mexican government confirmed in aAccording to the tweet, which was written in Spanish, Banxico “will have a digital currency of its own in circulation” by 2024 as it considers of “utmost importance these new technologies and state-of-the-art payment infrastructure as options of great value to advance financial inclusion in the country.
Banxico plans to have its CBDC in place “by the end of 2024, at the latest,” Banxico’s Deputy Governor, Jonathan Heath, said in a recent video conference organized by S&P, Mexican publication El CEO“We’re going to have the use of paper money as the preponderant payment domestically for a long time, so we don’t want to be absent from these technological advances,” Heath added.
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