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Evolution of payments - payment systems for "Neoteric Individuals"

· Haruhiko Kuroda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, technology, ai and cyber risk

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· Haruhiko Kuroda Wiki · Bank of Japan WikiEvolution of payments - payment systems for "Neoteric Individuals"

ContextRemarks at the FIN/SUM 2023 fintech summit in Tokyo, shortly before the end of the speaker's term; the Bank of Japan oversees payments and studies how they are evolving.

Why it mattersIn his last months, Kuroda announces a pilot for a digital yen.

Problems raised
  1. User needs for payments are diversifying.
  2. Uniform services are insufficient.
  3. Digital payments evolve quickly.
Solutions proposed
  1. Launch a CBDC pilot program.
  2. Use private sector skills via a CBDC forum.
  3. Adapt payment systems to new users.
Read full speech on bis.org ↗

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