RBA governor Philip Lowe signals central bank is open to retail digital currencies

RBA governor Philip Lowe signals central bank is open to retail digital currencies

Cryptocurrency Uncategorized
December 8, 2021 by Mathiew Evengelin
14
Lowe outlines ways tokens rather than dollars might circulate in Australia but is ‘sceptical’ of cryptocurrencies for general payments Download the free Guardian app; get our morning email briefing Australia’s Reserve Bank has flagged support for a retail form of digital currency, with governor Philip Lowe outlining ways that tokens, rather than regular dollars, might

Lowe outlines ways tokens rather than dollars might circulate in Australia but is ‘sceptical’ of cryptocurrencies for general payments

Australia’s Reserve Bank has flagged support for a retail form of digital currency, with governor Philip Lowe outlining ways that tokens, rather than regular dollars, might circulate more freely in the economy.

In a speech on Thursday dubbed Payments: the future?, Lowe said the world of payments was becoming “more exciting and dynamic” by the year, with the shift away from traditional forms of payment towards digital varieties gathering pace.

Continue reading…

Add a comment