Digitization

The Bank of Albania has a high degree of motivation and energy for evolving the country’s payment systems. 

Payment systems are seen as an integral part to national health; and for Albania a key objective is getting the unbanked to use financial services. Today the country has a very high unbanked number (over 50 percent).

The central bank printed a very in-depth analysis of CBDCs and it is clear the bank has a strong of the sector.

When the bank does start to implement CBDCs then it will follow a history of interest in digitization.

  

 

“The digital tides are clearly turning for CBDC across the globe, with many formerly cool central banks now actively looking into the possibility of issuing a digital currency. ” Bank of Albania

 

By cryptorocks_editor

Editor.