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”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
