Mexico’s Central Bank, BIS, And BlackRock Discuss Phasing Out Cash And Future Of Digital Money ( abolish cash payments).

As the 89th Banking Convention wraps up in Cancún today, Mexican President Claudia Sheinbaum and former Canadian Prime Minister Justin Trudeau share the stage with Visa, Mastercard, BlackRock, and the BIS—amid a focus on ending cash that ties perfectly into Mexico’s ongoing biometric ID rollout. On Wednesday, the 89th Banking Convention began in Cancún, Mexico, as representatives from the Mexican government and banking sector met to discuss the future of digital payments and the phasing out of cash in a country where more than three-fourths of the population depends on it. The annual meeting brought together leaders from Mexico’s financial...