0
While the Reserve Bank of Australia (RBA) has accepted the future may be dominated by electronic methods of payment, it isn’t convinced a physical banknote will no longer have a place, or that cryptocurrencies are the answer.
Speaking at the 2017 Australian Payment Summit in Sydney on Wednesday, RBA Governor Philip Lowe said although cryptocurrencies such as Bitcoin are becoming more prominent, they aren’t commonly used for everyday payments and he does not see that changing any time soon.