The leader of Switzerland’s SNB, in charge of managing their currency system, suggested creating a cryptocurrency for public usage.
In his Zurich speech, Mr. Thomas Jordan noted that banks hold some innate advantages over digital currencies and blockchain-based projects when it comes to saving time during transactions. This advantage can be particularly beneficial for businesses and consumers. Reuters provides further details.
People and organizations can currently choose from various convenient and advanced payment methods provided by companies.
Despite this, the Swiss National Bank (SNB) is considering introducing a central bank digital currency (CBDC) for institutional use only. This would be restricted to transactions between banks and select institutions. Last year, they initiated a pilot project to evaluate its potential benefits.
This news comes as central banks worldwide grapple with the potential of digital currencies.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Fortress Saga tier list – Ranking every hero
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- Castle Duels tier list – Best Legendary and Epic cards
- Cookie Run Kingdom Town Square Vault password
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Hero Tale best builds – One for melee, one for ranged characters
- Overwatch Stadium Tier List: All Heroes Ranked
2024-04-11 00:36