Australian Central Bank Sees No Case for Digital Currency
“Even though the usage of money for deals is decreasing, money is still commonly offered and accepted as a way of payment,”he stated. “In addition, Australian homes and services are well served by a contemporary, durable and effective payments system that has actually gone through substantial development in current years, consisting of the intro of the New Payments Platform, which is a real-time, 24/7 and data-rich electronic payments system.”Still, he did not mark down the reality that the bank may alter its mind in future: his group will continue to take a look at the benefits or issues around presenting a CBDC, he stated, consisting of”the conditions in which substantial need for a CBDC may emerge.
