Central Banking

Uruguay’s digital currency pilot ‘close to launch’, says governor

mobile-payments
The new system “offers advantages in terms of safety, transparency, efficiency and cost reduction”, says a spokesperson

The Central Bank of Uruguay is on the cusp of launching its own digital currency pilot, which will be accessible through mobile wallets.

Speaking at an event earlier this month, the governor of the central bank announced it was “fairly close” to launching the digital asset, which will behave exactly as cash does but in a digital format.

“It will be a process of trial and error, success and failures,” he said.

The governor gave very few details about the infrastructure that will underpin the

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