MasterCard Says Wide Adoption of CBDCs Would be Difficult

• Mastercard believes that adoption is the most challenging aspect of state-issued digital currencies.
• Central bank digital currencies (CBDCs) are not expected to be implemented in the near future as consumers are comfortable with traditional forms of money.
• Cash is still the most widely used form of payment.
• CBDCs may have a place in interbank transactions, but not in retail transactions in countries with efficient payment mechanisms like Singapore.
• The International Monetary Fund (IMF) sees digital currencies as a way to improve financial inclusion and offer resilience in more developed economies.

The sentiment of the article is neutral. It presents different perspectives on the adoption and implementation of state-issued digital currencies.