All around the world, governments are exploring the introduction of central bank digital currencies (CBDCs) including the Bank of England examining the case for introducing a digital Pound in the UK. A number of perceived benefits of having a digital currency have been proposed, with a key element being the ability to facilitate greater financial inclusion.
But how should financial inclusion be defined in this context – by universal access, by cost, or by efficiency – and is inclusion actually an inevitable by product of CBDCs? What are the challenges posed by financial inclusion – or the lack thereof – when it comes to adoption of CBDCs? What about digital inclusion, and its impact on CBDC inclusivity? How can central banks ensure that the design of a digital pound takes financial inclusion into account? And how might we all ultimately benefit?
Join the webinar on May 19, 2022 at 4pm - click here