Inclusion by Design: Crafting a Central Bank Digital Currency to Reach All Americans

Abstract: One motivation for a central bank digital currency (CBDC) is financial inclusion—bringing unbanked Americans into the payments system. To meet this goal, a CBDC would have to be designed to meet the specific needs of the diverse unbanked population.

Keywords: Payments; Central Bank Digital Currency; Financial inclusion; Unbanked;

JEL Classification: E58; G21; G23;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2020-12-02

Pages: 5