Current state of central bank digital currencies | Rod Garratt & Francisco Rivadeneyra

Several central banks around the world, including the Bank of Canada, are exploring central bank digital currency (CBDC). There are many benefits that a CBDC could bring to an economy, however, there are complexities and uncertainties as well. What considerations are being made by central banks AND governments prior to the creation of a digital currency? What are the complexities and risks with introducing a CBDC? The Paypod host Cyrielle Chiron is joined by Rod Garratt, Pellish Chair in Economics, University of California Santa Barbara, and Francisco Rivadeneyra, Director, CBDC & FinTech Policy, Funds Management and Banking, Bank of Canada, to discuss the current thinking around CBDCs.About The PayPodThe PayPod is Payments Canada’s multi-episode podcast that explores the trends and topics influencing payments in Canada and around the world.In each episode, leading experts and respected thought leaders discuss the changing payment landscape, the needs of Canadians and the future of modern payments.Connect with Payments CanadaVisit our website: Explore payment research, news system updates and insights at payments.ca.Join the conversation: Follow Payments Canada and The SUMMIT, Canada’s annual premier payment event on LinkedIn. Subscribe: Never miss an episode by subscribing to The PayPod on your Apple Podcasts and Spotify.