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Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”

Published 01/23/2020, 12:45 PM
Updated 01/23/2020, 02:42 PM
Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”

At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of digital currency, these discussions are key to innovate cross-border payments and solve the issue of the unbanked.

Benoît Coeuré, head of the Bank of International Settlements’ Innovation Hub, revealed that as many as 80 percent of worldwide central banks are interested in CBDCs, primarily of the retail variety.

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