Philippines Will Launch Pilot Wholesale CBDC Project Named CBDCPh
📣 #Philippines Will Launch Pilot Wholesale #CBDC Project Named #CBDCPh
👉 The project will be led by an intersectoral domestic team as well as “external advisers from international standard-setting bodies and multilateral institutions.
👉 The central bank foresees using the wholesale CBDC for cross-border payments, equity securities payments and #intradayliquidityfacility (ILF).
👉 The country took its first steps toward a CBDC last year with the release of an exploratory study.
👉 Government of Philippines believes that there is minimal perceived added value for the use of retail CBDC in the Philippines, given the progress in the implementation of retail #payment and financial inclusion reforms.
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#GokuMarket #BlockchainEconomy #CBDCNation #Governmentofphilippines #Exchange #Ecommerce
