Could migrant families encourage the adoption of CBDCs in developing countries?

Les familles de migrants pourraient-elles encourager l'adoption de monnaies digitales de banque centrale (CBDC) dans les pays en développement ?

Dominique Torre () and Qing Xu ()
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Dominique Torre: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Qing Xu: ICL, Junia, Université Catholique de Lille

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Abstract: We examine the potential of upcoming Central Bank Digital Currencies (CBDCs) to be used as a means of transferring remittances. In a simple theoretical model, CBDCs compete with traditional channels provided by specialized intermediaries and with digital transfer options already offered by fintech companies. Their success depends on factors such as anonymity, potential conversion into cash, and the network effects generated by CBDC transactions among recipients' families.

Keywords: fintech; cross-border payments; E58 Central Bank Digital Currencies; D85; JEL Classification: E42 D85 E58 Central Bank Digital Currencies cross-border payments fintech; Migrants; Fintech; Cross-boarder payments; Central Bank Digital Currencies; JEL Classification: E42 (search for similar items in EconPapers)
Date: 2025-08
New Economics Papers: this item is included in nep-cba, nep-fdg, nep-mon and nep-pay
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-05208283v1
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Published in Economics Bulletin, 2025, 42 (2), pp.842-853

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