Digital Currency, Digital Payments, and the 'Last Mile' to the Unbanked

Oz Shy

Policy Hub, 2021, vol. 2021, issue 9, 9

Abstract: Digital forms of payment are either not accessible or highly costly for unbanked consumers. This is because these forms of payment must be "funded" by some source of money, such as cash or a bank account. That creates the "last-mile" problem for the unbanked. This article examines various solutions for the funding problem that have been proposed in the literature, by regulators, and in bills submitted to Congress.

Keywords: payments inclusion; financial inclusion; unbanked; digital currency; digital payments; central bank digital currency (search for similar items in EconPapers)
JEL-codes: G28 G59 O33 O35 O38 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.atlantafed.org/-/media/documents/resea ... nts-and-unbanked.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:a00068:96617

DOI: 10.29338/ph2021-09

Access Statistics for this article

More articles in Policy Hub from Federal Reserve Bank of Atlanta Contact information at EDIRC.
Bibliographic data for series maintained by Robert Sarwark ().