The president of the Central Bank of PeruJulio Velarde said on Tuesday that he is working with several central banks in the world on a digital currency for a financial payments system that would be different in a decade at a global level.
Velarde, in a presentation at a business forum, mentioned countries such as India, Singapore and Hong Kong with which the South American nation has been working on a digital currency.
We are working with a lot of central banks really thinking about a digital currency that is going to be the one that is going to be imposed in the future, “the official said at the event.
“We are not going to be the first because we do not have the resources to be the first and face the risks, but we do not want to be left behind. At least we are at the same level, or perhaps more advanced than our peers of the same size, although more behind. yes, Mexico and Brazil, “he said.
Many countries evaluate or have established the use of digital currencies in their economies, at a time when there is a global offensive against this type of currencies for fear that they are highly volatile and because privately operated they could undermine their control of financial systems and monetary.
Neighboring Chile is also discussing the launch of a digital currency in 2022.
China prohibits these types of transactions and the United States has sanctioned the exchange of these currencies for its alleged role in allowing illegal payments. Bitcoin is currently the largest cryptocurrency in the world.
Velarde said that the financial world is experiencing “many innovations” and that the idea of the Andean country is to take the first steps and then “come with a more concrete regulation.”
“I believe that the payment system that we are going to have in the world eight and 10 years from now is going to be completely different from the current one; even part of the debate that takes place is that the financial system is going to be different,” said the official.
Peru lags behind at the regional level in the use of payments by electronic means and in the proportion of depositors with an account in the financial system, because informality in its economy reaches around 70%, according to official data.
Reference-www.eleconomista.com.mx