![The Bank Of Canada State That A CBDC Would Benefit Canada And The USA](http://cryptodaily.co.uk/wp-content/uploads/2018/07/canada-piggy-bank-300x200.jpg)
2018-7-27 15:30 |
The Bank of Canada, Canada’s central bank have hit headlines on a few occasions this month, after a sudden spike in interest within cryptocurrency and blockchain technology from the bank. According to Coindesk, The Bank of Canada have published a new paper that discusses how a Central Bank Digital Currency (CBDC) would be beneficial to both the economies of United States and Canada.
Overall, the bank believe that such a creation would lead to an increase of 0. 64% in consumption within Canada and as much as 1. 6% in consumption in the United States economy.
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