With Bitcoin’s debut in El Salvador, Honduras and Guatemala study CBDC

Honduras and Guatemala, two Central American countries, are adopting Bitcoin from their common neighbors (Bitcoin), but they are taking a completely different path.

Instead of using existing cryptocurrencies as legal tender, Just like what Salvador did, The central banks of Honduras and Guatemala currently Learn Central bank digital currency or CBDC.

The Governor of the Honduras Central Bank, Wilfredo Cerrato, stated that after the board’s approval, the Honduras Central Bank launched a study to “determine the feasibility of conducting a pilot test to issue its own digital currency or central bank digital currency. “. At a forum event in Tegucigalpa.

He said that the Central American Monetary Council or Consejo Monetario Centroamericano, the region’s highest monetary authority, should solve the problem of digital currency adoption.

In the northwest corner of the area, CBDC even has a name. Jose Alfredo Blanco, vice president of Banco de Guatemala, stated that the digital currency iQuetzal will be named after the national bird of Guatemala, just like its legal tender.

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However, the central bank is not eager to integrate a new form of currency into its existing financial system without preparation. Blanco emphasized that the Central Bank’s Digital Currency Working Committee was established only six months ago, and it will take a long time to complete the investigation phase.

Central bank digital currencies are getting more and more attention in countries around the world. Nigeria’s CBDC, Naira, Will be launched on October 1, the country’s 61st Independence Day.The Ukrainian government is also advancing its CBDC plan, giving The National Bank of Ukraine has the right to issue digital currencies.