CBDCs are just digital fiat money with Smart Contracts, meaning a Central Bank or government could program money in everybody's accounts according to their whim.
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CBDCs are just digital fiat money with Smart Contracts, meaning a Central Bank or government could program money in everybody's accounts according to their whim.
Yep, so what role would a retail bank play?
Would the issuer just handle wallets which replace retail bank accounts?
Or would retail banks still provide lending/savings services?