Thomas Jordan, the leader of SNB (Swiss National Bank), suggested an idea for a cryptocurrency that the general public could utilize.
During his speech in Zurich, Mr. Thomas Jordan noted that banks hold some natural advantages over digital currencies and blockchain-based projects when it comes to streamlining payment processes. This advantage can significantly benefit both businesses and consumers. Reuters provides further details.
People and organizations can currently use various convenient and advanced payment methods provided by private companies.
Despite this, the Swiss National Bank is considering the option of a central bank digital currency (CBDC) for large-scale financial transactions between banks and other authorized institutions. A pilot project was conducted last year to evaluate its functionality.
This news comes as central banks worldwide grapple with the potential of digital currencies.
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2024-04-11 01:40