Retail CBDC complexity may discourage adoption, says research
Kansas City Fed author argues Caribbean CBDCs have struggled to add value
The complexity of achieving financial integration of a retail central bank digital currency (rCBDC) may discourage commercial banks, says a researcher with the Federal Reserve Bank of Kansas City.
Franklin Noll reviewed the experience of various Caribbean states that launched rCBDCs in the last few years – Jamaica’s Jam-Dex, the Bahamas’s sand dollar, and the Eastern Caribbean’s DCash. In a paper, published on April 10, he says none of the CBDCs has yet achieved widespread adoption.
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