From the Bank of Canada, via Reuters, on Thursday:

“The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system,” wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

“At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT.”

Related links:
Canada experiments with digital dollar on blockchain – FT

Read more

There are currently no comments.