RBA governor Philip Lowe signals central bank is open to retail digital currencies
by Peter Hannam Economics correspondent from on (#5SV67)
Lowe outlines ways tokens rather than dollars might circulate in Australia but is sceptical' of cryptocurrencies for general payments
Australia's Reserve Bank has flagged support for a retail form of digital currency, with governor Philip Lowe outlining ways that tokens, rather than regular dollars, might circulate more freely in the economy.
In a speech on Thursday dubbed Payments: the future?, Lowe said the world of payments was becoming more exciting and dynamic" by the year, with the shift away from traditional forms of payment towards digital varieties gathering pace.
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