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The International Monetary Fund (IMF) chief, Kristalina Georgieva, advocates for a proactive push for central bank digital currencies (CBDCs) as a replacement for cash. Georgieva has launched a CBDC handbook to guide policymakers worldwide, emphasizing that CBDCs could enhance financial inclusion by providing rapid and accurate credit scoring. Additionally, the use of AI is suggested to accelerate the adoption of CBDCs. However, Mastercard expresses concerns about the wide adoption of CBDCs, deeming it 'difficult.'
Mastercard says wide adoption of central bank digital currencies is 'difficult' https://t.co/44bgwatp0s
Mastercard says wide adoption of central bank digital currencies is 'difficult' https://t.co/nirqFX24NY
JUST IN: IMF chief Kristalina Georgieva launches a CBDC handbook as a guide for policymakers around the world, stating CBDC's "could improve financial inclusion by providing rapid, accurate credit scoring based on various data." 😮 Sounds like a real-time social credit score 🤔 https://t.co/dWftHPCkxI
Use AI to accelerate adoption of central bank digital currencies, says IMF head https://t.co/7IyPLLEddO
A "slow and steady" approach to CBDC development and adoption can "help counter resistance that may stem from a lack of understanding or fear of the unknown," Jonas Gross and Conrad Kraft of @DigiEuro write. Opinion. https://t.co/bSnKVzt2fC
NEWS: IMF managing director Kristalina Georgieva says CBDCs can "replace cash" https://t.co/oWiuLE1nZD
IMF chief urges more proactive push for central bank digital currencies https://t.co/JB3RI639fG https://t.co/zDXGj8AyoJ
IMF chief urges more proactive push for central bank digital currencies https://t.co/nBjGVmeBGQ https://t.co/hMcRH5CCvK
IMF chief urges more proactive push for central bank digital currencies https://t.co/rvMwP1ixqY https://t.co/12UPhLxoAg
State-issued digital currencies can replace cash, which is costly to distribute in island economies, the IMF says https://t.co/GrKlRFfIQS