I dont think most banks survive a CBDC. There is really no reason for them. If everyone is handed an account at the Fed, why do they need to go through the commercial banking system.
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I dont think most banks survive a CBDC. There is really no reason for them. If everyone is handed an account at the Fed, why do they need to go through the commercial banking system.
Posted Using LeoFinance Beta
To function as intermediate for loans, mortgages and anything else debt related and of course CBDC transactions, cards and co wont be free to use. The Central Bank is only interesting in controlling the money and the interest rates. They don't want to deal with "the crowd"