Improving domestic payments efficiency drives retail CBDC research

Barriers to adoption include concerns around privacy, disintermediation and operational risk

Over three-quarters of jurisdictions are currently engaging in retail central bank digital currency (CBDC) work, the Fintech Benchmarks 2024 reveals. 

This year 77.5% of 40 central banks said they are working on a retail CBDC, compared with 73% of 37 in 2023.

Among the varied drivers for issuing a retail CBDC, a clear majority of 31 respondents said domestic payments efficiency (83.9%). Central banks are also motivated by financial inclusion (67.7%), other (54.8%) goals, financial stability (41.9

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