Kiffmeister’s #Fintech Daily Digest (20220306)

I’ve updated various links in my tabulation of retail central bank digital currency (CBDC) explorers: https://kiffmeister.com/jurisdictions-where-retail-cbdc-is-being-explored-as-of-march-6-2022.

Philippines central bank to launch CBDC research effort

The Bangko Sentral ng Pilipinas (BSP) is moving ahead with a CBDC research project. The BSP’s  exploratory work started in 2021, focusing on implications of CBDC for the financial system. A national payment system assessment was later conducted which resulted in the identification of relevant use cases of wholesale CBDC aimed at enhancing the payment system’s safety, resiliency, and efficiency. As a next step (Project CBDCPh) the BSP targets to roll-out Project CBDCPh aimed at building organizational capacity and hands-on knowledge of key aspects of CBDC that are relevant for a use case around addressing frictions in the national payment system. [Read more]