Mexico's Central Bank Will Launch Digital Currency by 2024

Mexico's central bank will have its own digital currency in circulation by 2024 as part of efforts to boost financial inclusion. From a report: "These new technologies and next-generation payment infrastructure are extremely important," the federal government posted late Wednesday on its Twitter account, confirming the bank's plan.

failed narco state

[sdinfoserv]

last gasp of a failed narco state....
Plus, bitcoin completely failed in El Salvador https://foreignpolicy.com/2021... [foreignpolicy.com] so go ahead, follow a loser.

Dumb Article

[SuperKendall]

Plus, bitcoin completely failed in El Salvador https://foreignpolicy.com/2021 [foreignpolicy.com]

That article is almost as ignorant of BitCoin as you are.

Listen to how it describes BTC:

Bitcoin mining is a process of competitively wasting electricity to guess a winning number every 10 minutes or so.

There are some arguments to be made against BTC but this ain't it, champ.

Border crossing

[registrations_suck]

No doubt that Mexico's new digital currency will illegally cross the border along with everything else.

still subject to inflation if gov does it

[Micah NC]

This is like buying a boat with pre-made holes in it.

Define "digital currency"

[heldal]

TFA doesn't really say what they're talking about, but if you translate it as something that doesn't include cash, and which is traceable, I can very much understand that they're trying. Of course, you don't need a "digital currency" to make sure all transactions are logged and have accountable parties, but I guess it sounds better. Which is a smart thing to do, if you're dependent on politicians for support.