Mexican CBDC will be ready by 2024

Mexico’s Central Bank, Banxico, has unveiled plans to roll out its Central Bank Digital Currency or CBDC in less than half-a-decade from now. In a tweet sent out Wednesday, the Mexican government says it “will have a digital currency of its own in circulation” by 2024 having seen the “utmost importance [of] these new technologies and state-of-the-art payment infrastructure as options of great value to advance financial inclusion in the country.” 

RELATED: Officials say Japan must hasten its CBDC Efforts


Banxico’s deputy governor, Jonathan Heath said earlier in a video conference that Banxico should have its CBDC “by the end of 2024, at the latest.”

“We’re going to have the use of paper money as the preponderant payment domestically for a long time, so we don’t want to be absent from these technological advances,” He added.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also


EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.