BSP keen on digital currency for wholesale payments

BSP keen on digital currency for wholesale payments

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 […]...Keep on reading: BSP keen on digital currency for wholesale payments

BSP Sees Wholesale CBDC for Securities Settlement, Cross-Border Payments

The BSP's Project Agila report identifies wholesale CBDCs as a potential tool for securities settlement and cross-border payments while outlining technical findings that will shape the country's CBDC roadmap.