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One in five people could have access to central bank digital currencies within three years

January 24, 2020

Via: Finextra

Following up on a survey from last year, BIS quizzed 66 central banks, covering 75% of the world’s population and 90% of its economic output, about their intentions regarding CBDCs.

Some 80% of respondents (up from 70% a year ago) say they are engaged in some form of CBDC work, with half looking at both wholesale and general purpose options. Meanwhile, 40% have moved beyond conceptual research to experiments or proof-of-concepts and 10% have made it to the pilot stage.

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