Latest Bank of Canada Report Highlights Lack of Incentives For Canadians to Adopt CBDC

Bank of Canada, the country's de-facto central bank, came up with a recent report that sheds light on the reluctance of the country's citizens to readily adopt a central bank digital currency (CBDC). Published Thursday, the report dubbed - 'Unmet Payment Needs and a CBDC' - highlights the lack of incentives for Canadians to adopt a CBDC. It further said that most citizens are satisfied with existing payment methods such as cash, credit/debit cards and bank accounts....