Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that "new technologies and next-generation payment infrastructure" will help Mexico become more financially inclusive.
The plans for a CBDC follow the recent statement by Mexico's President Andrés Manuel López Obrador that Mexico is unlikely to follow El Salvador's footsteps and use cryptocurrencies like Bitcoin (BTC) as legal currency.