By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees the greatest potential for a wholesale central bank digital currency (CBDC) in settling financial securities and large-value cross-border payments, though it concluded that the case for a retail CBDC remains less compelling for now.
This was highlighted in the BSP’s “Project Agila” report, which aims to help the central bank and participating financial institutions explore potential use cases of CBDCs.
READ: BSP digital currency shaping up
CBDC is a form of digital money denominated in the national unit of account and is a direct liability of the central bank.
