Mexico announces that it will issue its own digital edition Coin by 2024-Bitcoin messages

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Mexico

The Mexican government announced that the country's central bank will issue its own digital currency. The official calculation of the Mexican Presidency states that the development should be completed by 2024 and pointed out the importance of technology for the future of the financial structure of the country.

Banxico gives digital peso. From

An explanation of the official account of the Mexican Presidency on Twitter reported that the institution planned to spend its own digital currency. The announcement also informed that this development will probably occur around 2024, which puts the country on the list of nations that want to study or launch its own digital central bank currency (CBDC).

The submitted explanation explained :

The Banxico reports that it will have its own digital currency in circulation by 2024, since these new technologies and the next generation payment infrastructure are extremely important as options for promoting financial inclusion in the country.

Mexico lacks financial inclusion

Mexico belongs according to a. To the five countries with the slightest financial inclusion of the world Learn from a company called Merchant Machine. The study published in March showed that Morocco, Vietnam, Egypt, the Philippines and Mexico are the countries in which the population is greatest without a bank.

This data is supported by the results of the Mexico banking association, which recognize that 53 % of adults in the country have no bank account and 7 out of 10 have no access to. This represents a problem in the Mexican economy that has to fight with the lack of trust of citizens in financial products and services and the complications with which citizens are faced with these services.

other countries, such as the Bahamas (the started the sanddollar) and china (its digital renminbi ), are already in the implementation phase of your digital Central bank currencies even carry out tests or enable citizens to use them for retail purchases in some cases. The EU is also still study the introduction of a digital euro.

What do you think of Mexico that is preparing for the introduction of your own digital currency? Tell us in the comment area below.

sergio@bitcoin.com '

sergio goschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game when he entered the cryptosphere in December 2017. He has a computer engineering background, lives in Venezuela and is affected by the cryptocurrency boom at the social level via crypto success and how it helps the non-banks and under-sector.

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