Most central banks resistant to crypto in retail payments

Just six central banks are open to retail payments being facilitated by digital assets like bitcoin

The vast majority of central banks are against the idea of cryptocurrencies playing a larger role in payments, data from the Payments Benchmarks 2024 shows.

Asked “how open is your central bank to widespread use of cryptocurrencies for retail payments in your jurisdiction”, most central banks responded negatively. Sixty-nine per cent of respondents (20) are against the use of cryptocurrencies for retail payments, and a further 10% (3) are strongly against the idea.

By contrast, 17% (5) are open

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