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90% of Central Banks Explore Launching CBDCs (BIS Survey)

In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those financial institutions are currently developing such products or passing through experiments.
Most Central Banks Are Interested in CBDCs
The international monetary institution – BIS – questioned 81 central banks to determine their stance on CBDCs and how close they are to launching one. Per the results, 90% of the participants admitted they work towards introducing that product. Nearly half of the central banks are in the midst of developing or “running concrete experiments” on CBDC.
“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short or medium term. Central banks consider CBDCs capable of alleviating key pain points such as the limited operating hours of current payment systems and the length of current transact

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