Bank of Canada finds Canadians wary of adopting digital dollar
Canadian consumers are skeptical of the early adoption of the digital dollar concept by the Bank of Canada (BOC). The Bank of Canada recently conducted research to understand changes in consumer payment preferences, with the ultimate goal of preparing for the development of an internal central bank digital currency (CBDC). The research report released by the Bank of Canada on October 28th reiterated Canadians' long-standing love for traditional fiat payment systems, while an increasing number of people are supporting the issuance of a digital Canadian dollar. In contrast, 42% of participants in the latest survey had a good initial impression of the hypothetical digital Canadian dollar, while only 20% of people "disliked" or "hated" the idea completely. The remaining 38% either held a neutral attitude or expressed a lack of understanding of the technology.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gaming tokens hit in Trump tariffs fallout after Deadrop shutdown
Price data shows most gaming tokens have had a rough week
Tech stocks lead US rebound, but still lag behind global names
We’re about a third of the way into earnings season and results have been fairly solid
Understanding the Significance of ETH/BTC Ratio Approaching a Critical Level
Decoding Market Signals: Unfavorable Trends and Technical Indicators Highlight Potential Downside Risk as 77% of ETH/BTC Trading Days Prove Unprofitable
New Initiative on Cryptocurrencies Introduced in the US – Will It Pass This Time?