BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
The Bank for International Settlements has offered guidance on offline payments for institutions developing central bank digital currency.
A new handbook, issued as part of the BIS Innovation Hub’s Project Polaris, says 49% of central banks consider offline payments to be “vital” in any CBDC design. A further 49% say they would be advantageous.
However, executing offline payments comes with challenges. The handbook notes how each country will have to consider its local circumstances and plan
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