Banxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency , the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before the Mexican Senate and added that the new currency should fulfill the three traits of money to create more financial inclusion.Banxico has given a status update on its CBDC, the digital peso.
that the bank had a rough approximation of the time it will take to complete and launch the currency. During the bank’s visit to the Senate to render its annual report, Rodríguez Ceja stated: The governor also stated this currency could be used as a means of exchange, as a unit of account, and as a store of value — three traits of money.
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