Covid-19 has highlighted payments systems problems – BIS report

The Covid-19 pandemic has highlighted shortcomings in payments systems, and may have strengthened the case for central bank digital currency (CBDC), says a report from the Bank for International Settlements.

The pandemic has “amplified calls” for greater access to digital payments by vulnerable groups, the BIS says in the report, published on June 24. It has also highlighted the need for more “inclusive, lower-cost payment services”.

One possible solution could be central bank digital

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