Bank of Mexico Plans to Launch Digital Currency by 2024
Central bank’s plans aim to foster financial inclusion in a cash-based economy, government says
The Bank of Mexico plans to put its own digital currency in circulation by 2024 to use the latest payments technology to foment financial inclusion in an economy that relies on cash for most transactions, according to the Mexican government.
The central bank considers it important “to use these new technologies and latest-generation payments infrastructure as valuable options to advance financial inclusion in the country,” the administration of President Andrés Manuel López Obrador said in a tweet last week.
The…
