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Crypto currencies are currently too volatile to be considered an accepted means of payment

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Crypto currencies are currently too volatile to be considered an accepted means of payment

Trends and innovations around payments are happening at lightning speed. New parties have emerged in the payment chain, including FinTechs and BigTechs. At the same time, one crypto currency after another is entering the market, while central banks around the world are working on their own digital currencies. The Centrale Bank van Curaçao en Sint Maarten (CBCS) welcomes digitization and innovation and keeps a close eye on new developments. Where possible, the CBCS will facilitate innovations in the market and encourage instant payments use cases. Payments are becoming more user-friendly for a large part of society, but at the same time the crypto ecosystem is raising risks for which there are currently not enough mitigating measures in place.

Last updated: 26.07.2022 09:07