Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a national digital currency in the future.
Private Banks Want to Be Involved in Potential CBDC
Members of the Mexican Bank Association have stated their intention of helping the central bank of the country in the design and issuance of a potential central bank digital currency (CBDC). The president of the association, Daniel Becker, met with the governor of the Bank of Mexico, Victoria RodrÃguez Ceja, to review some important factors related to making banks more accessible for Mexican citizens.
About the meeting, Becker stated:
If Banxico determines that the banking opinion can help build better elements or a cryptocurrency, count on us and the best banking opinion so that it is something that provokes and has a more efficient and robust financial system that reaches more Mexicans as a consequence.
Becker also welcomed the introduction of a digital currency to lower the cost of transactions and achieve better interoperability using blockchain.
Mexico and Crypto
Mexico is one of the countries with less banking penetration in its community, according to several reports. Many believe that cryptocurrencies and their introduction in the country might improve financial inclusion, but the Bank of Mexico has not made a direct statement on the potential issuance of such a national digital currency.
However, the official account of the presidency of Mexico did announce the creation of a
