Mexico has announced that it will introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet published Thursday. The tweet from an account representing the Mexican presidency highlighted that “new technologies and next-generation payment infrastructure” will help Mexico become more financially inclusive.
The @Banxico informs that by 2024 it will have its own digital currency in circulation, considering these new technologies and the next-generation payment infrastructure are extremely important as options of great value to advance financial inclusion in the country.
– Government of Mexico (@GobiernoMX) December 30, 2021
- The governor of Banco de México affirms that transactions with are equivalent to barter
Plans for a CBDC come to the recent statement by Mexican President Andrés Manuel López Obrador that Mexico is unlikely to follow in El Salvador’s footsteps and use cryptocurrencies like Bitcoin () as legal tender.
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