CANCELLED: TABE Digital Innovation, Money and Payments: The potential for a Central Bank Digital Currency (CBDC) in Canada

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Friday 27 March 2020, 12:00 - 13:30

 

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Due to the fast evolving Covid-19 situation, TABE is cancelling our luncheon events until further notice.  While some will be converted to webinars, the Central Bank Digital Currencies event will need to be postponed.  When we have a new date, information will be emailed to all those on the TABE list.


 

 

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Digital Innovation, Money and Payments:
The potential for a Central Bank Digital Currency (CBDC) in Canada

Technology is having an indelible impact on the way we pay.

Against the backdrop of a decline in cash usage, digital payments such as debit, credit and prepaid cards are in most Canadian’s wallets, while mobile payments solutions like Apple Pay, Google Pay, PayPal and Interac e-transfer can be made with a swipe of a finger. Cryptocurrencies such as Bitcoin, Ethereum and Ripple are gaining favour and are being touted by celebrities such as Snoop Dogg, Bill Gates and Mike Tyson. Further into the future, Facebook is proposing to launch a stablecoin called Libra that consumers can access on their Messenger app.

These developments have forced central banks around the world to examine their role in the creation and distribution of money. The Bank of Canada has undertaken research, worked on a number of projects and collaborated with global regulators to better understand the issue of central bank digital currencies (CBDC).

To help address considerations and potential for a CBDC in Canada, TABE is pleased to host Francisco Rivadeneyra (Director, CBDC and FinTech Policy at the Bank of Canada). He will be addressing:

  • What are digital currencies? A taxonomy of electronic money
  • Motivations for a Central Bank Digital Currency (CBDC)
  • Potential implications of CBDC: for payments platforms, commercial bank deposits, and cross-border

Francisco Rivadeneyra is the Director of CBDC and FinTech Policy at the Bank of Canada, working in the intersection of technology, payments infrastructures and finance. In this capacity he helps develop policy advice in areas of electronic money and payments, and the implications for central banks of financial innovations. His current research studies the security and convenience of digital currencies and the use of artificial intelligence in the liquidity management problem of commercial banks. Francisco holds a PhD in Economics from the University of Chicago.
 
Friday, March 27, 2020
12:00 pm - 1:30 pm
 
Ontario Financing Authority
1 Dundas St. West, 3rd floor, Toronto

Cost:
Members $25
Non-Members $45
Students $15
Lunch will be provided
register now
see who is coming
We look forward to seeing you at this event
Peter Harrison
President of TABE