Philippines to launch wholesale CBDC in the next two years

The Philippines is set to introduce a wholesale Central Bank Digital Currency (CBDC) within the next two years. Governor Eli Remolona Jr. of the Bangko Sentral ng Pilipinas (BSP) announced the strategic plan, highlighting the decision to opt for a wholesale rather than a retail CBDC for the country. This initiative aims to enhance domestic […] source: https://www.cryptopolitan.com/philippines-to-launch-wholesale-cbdc-in-the-next-two-years/