A Framework for Digital Currencies for Financial Inclusion in Latin America and the Caribbean

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Tác giả: Gabriel Bizama, Max Mitre, Bernardo Paniagua, Alexander Wu

Ngôn ngữ: eng

Ký hiệu phân loại: 641.598 Food and drink

Thông tin xuất bản: 2024

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 201317

Comment: 32 pages, 7 figures, 3 tables and 3 boxesThis research aims to provide a framework to assess the contribution of digital currencies to promote financial inclusion, based on a diagnosis of the landscape of financial inclusion and domestic and cross-border payments in Latin America and the Caribbean. It also provides insights from central banks in the region on key aspects regarding a possible implementation of central bank digital currencies. Findings show that although digital currencies development is at an early stage, a well-designed system could reduce the cost of domestic and cross-border payments, improve the settlement of transactions to achieve real-time payments, expand the accessibility of central bank money, incorporate programmable payments and achieve system performance demands.
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