Fed, Central Banks Frame Criteria For Digital Currency
PYMNTS
OCTOBER 9, 2020
The worldwide COVID-19 pandemic has accelerated cashless payments and highlighted the impact of technology on how money is exchanged, Jon Cunliffe , deputy governor at the Bank of England (BoE) and chair of a BIS committee on payments, said in a Reuters report on Friday (Oct. The Fed also launched an instant payment initiative in August.
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