BusinessWorld E-paper
July 25, 2024
THE STUDY and testing of a central bank digital currency (CBDC) is on track, with implementation eyed by 2029, a Bangko Sentral ng Pilipinas (BSP) official said.
“We’re already about to conclude proof of concept. This is an innovative payment instrument. In fact, there’s no central bank in the world that has already launched wholesale CBDC, I guess with the exception of the Swiss National Bank,” BSP Deputy Governor Mamerto E. Tangonan said at a briefing on Tuesday.
