A report published today by the Official Monetary and Financial Institutions Forum (OMFIF) and IBM found that a large majority of central bank respondents are concerned about fast bank runs and digital currencies (CBDCs). The two surveyed 23 central banks regarding retail CBDCs on their stability and development.
IBM and OMFIF worked together almost precisely a year ago on a
wholesale CBDC report. Back then, they found that distributed ledger technology (DLT) could significantly streamline processes, particularly
real-time gross settlements (RTGS). Now, in a very different payments landscape, they have explored retail CBDCs.
“The concept of retail CDBCs has moved rapidly from being the thought experiment of technical experts and philosophers to the subject of boardroom debates focused on tangible, near-term reforms,” said Philip Middleton, OMFIF deputy chairman.
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