Central bank digital currencies (CBDCs) could provide consumers with cheaper and faster payments, according to experts in the cryptocurrency and blockchain industry. They’ll sidestep the need for an account with a commercial bank, and in the process will reduce many of the costs and risks that come with the commercial payment system.
In fact, CBDCs might bring more than just cheaper and more secure payments for consumers. They could also speed up cross-border payments and settlements, as well as improve money de-anonymity.
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