EconWithNick on Nostr: What’s going on in the world of CBDCs? Since July, I've made updates to 31 ...
What’s going on in the world of CBDCs?
Since July, I've made updates to 31 different regions in the
HRF (npub17xv…c9as) CBDC Tracker. Let's walk through some of the highlights.
1. The Bahamas
Facing lackluster adoption rates, Central Bank of The Bahamas governor John Rolle said commercial banks would soon be forced to distribute the CBDC.
2. Colombia
The Banco de la República de Colombia published a report that found “there are not sufficient reasons for the issuance of [a CBDC] (retail or wholesale) in Colombia.”
3. India
CBDC usage fell from 1,000,000 transactions per day in December to just 100,000 transactions per day. Given that 1M was only reached through a big push from the central bank, it seems there has been a struggle to generate organic demand.
4. Israel
Despite pushing a pilot forward, Bank of Israel deputy governor Andrew Abir said, “We’re all waiting for the first western central bank to pull the trigger... And then you may see a rush of countries going forward with it.”
5. Peru
The Central Reserve Bank of Peru announced it had signed its first contract with the company Viettel Peru to begin work on a CBDC pilot.
Want to learn more about what’s going on in the world with the rise of CBDCs? Check out the fully interactive HRF CBDC Tracker below!
https://cbdctracker.hrf.org/homePublished at
2024-08-22 13:00:51Event JSON
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"content": "What’s going on in the world of CBDCs?\n\nSince July, I've made updates to 31 different regions in the nostr:npub17xvf49kht23cddxgw92rvfktkd3vqvjgkgsdexh9847wl0927tqsrhc9as CBDC Tracker. Let's walk through some of the highlights. \n\nhttps://m.primal.net/KHxJ.png \n\n1. The Bahamas \n\nFacing lackluster adoption rates, Central Bank of The Bahamas governor John Rolle said commercial banks would soon be forced to distribute the CBDC.\n\n2. Colombia \n\nThe Banco de la República de Colombia published a report that found “there are not sufficient reasons for the issuance of [a CBDC] (retail or wholesale) in Colombia.”\n\n3. India \n\nCBDC usage fell from 1,000,000 transactions per day in December to just 100,000 transactions per day. Given that 1M was only reached through a big push from the central bank, it seems there has been a struggle to generate organic demand.\n\n4. Israel \n\nDespite pushing a pilot forward, Bank of Israel deputy governor Andrew Abir said, “We’re all waiting for the first western central bank to pull the trigger... And then you may see a rush of countries going forward with it.”\n\n5. Peru \n\nThe Central Reserve Bank of Peru announced it had signed its first contract with the company Viettel Peru to begin work on a CBDC pilot.\n\nWant to learn more about what’s going on in the world with the rise of CBDCs? Check out the fully interactive HRF CBDC Tracker below!\n\nhttps://cbdctracker.hrf.org/home\n\n",
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