Philippine central bank embraces digital tokens
Cointelegraph
Published Sep 19, 2020 03:00PM ET
Updated Sep 20, 2020 05:20PM ET
The Philippine central bank sees digital tokens as a means to reduce the use of fiat money and improve the delivery of financial services in the country, even as the country is still studying its own digital currency.
Speaking to Bloomberg, Philippine central bank Bangko Sentral ng Pilipinas, or BSP, governor Benjamin Diokno said digital tokens “expand reach and lessen costs of financial services” as well as reduce the use of fiat money.
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Written By: Cointelegraph
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