The Swiss National Bank sees no need for a central bank digital currency (CBDC) to be issued to the general public, Chairman Thomas Jordan said, according to Reuters.
„Consumers and businesses already have access to a wide range of efficient and innovative payment instruments offered by the private sector,” Jordan told an event in Zurich, in remarks that addressed a product known as a retail CBDC.
„Retail CBDC could fundamentally alter the current monetary system and the role of central banks and commercial banks, with far-reaching consequences for the financial system,” he said, with the risks outweighing any potential benefits.
Still, the SNB has been trialling a scheme using wholesale CBDC – which enables payments using central bank money between commercial banks – to speed up and make payments cheaper.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
