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Ecuadorian Presidential Candidate Suggests CBDC to Improved Payments Last Updated: 18 January 2021 Several developments headlined the news cycle for the crypto industry in 2021. One of them was the growing interest in Central Bank Digital Currencies (CBDCs). The momentum appears to have spilled into this year as more countries are now buzzing with talk of a CBDC. CBDC for Better Digital Payments Geovanni Andrade, a candidate in Ecuador’s next presidential elections, proposed the idea of launching a CBDC as a possible solution to the country’s money transfer space. Andrade, who is currently the president of the Ecuadorian-Chilean Chamber of Mining, explained to local news source Primicias that a CBDC could help speed up transactions in the country and help corporations improve their audit processes. ....