Bank of Canada research says weak incentives make widespread adoption of a digital Canadian dollar unlikely. Read on
This group, including 98 per cent who have a bank account and debit card and 87 per cent who also have a credit card, “does not face meaningful barriers to accessing financial services or payment methods” that include e-transfer, pre-authorized payments, online bill payments and chequing accounts.
If cash suddenly disappeared, “most people — represented by the typical consumer and the early adopter groups — would continue to have their usual payment needs met without cash by using various electronic methods,” the report said.One reason is that Canadians are very connected online.
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