According to the Bank for International Settlements, COVID-19 could accelerate a shift toward digital payments. The policy concern for many countries would then be a ‘digital divide
’ where unbanked customers may be left out of the financial system. This episode considered the different notions of digital currency, the various use cases of digital currency including central bank digital currency, and provided an update on the current state of affairs with regards to the deployment of digital currencies and their applications. In particular the session examined whether a Central Bank Digital Currency could help in bridging the financial inclusion gap.
Participation was open to ITU Member States, Sector Members, Associates and Academic Institutions and to any individual from a country that is a member of ITU who wishes to contribute to the work. This included individuals who are also members of international, regional and national organizations.