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IATA offering digital currencies in financial settlement systems? Know more

The International Air Transport Association (IATA) announced that it will offer digital currencies in the financial settlement systems it operates for the aviation industry.

IATA offering digital currencies in financial settlement systems? Know more
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The International Air Transport Association (IATA) announced that it will offer digital currencies in the financial settlement systems it operates for the aviation industry.

“Digitalization impacts many aspects of our daily lives, including the currency we use.

The first digital currency to be offered is the digital Renminbi, which will be available in the China Billing and Settlement Plan (BSP) by the end of 2024.

IATA is also examining the potential to offer other digital currencies in its settlement systems based on the needs and requirements of the industry.

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