Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

[sirty143]

Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

Central bank digital currencies might one day replace commercial banks. But that comes with risks, according to new research... See more for yourself here.

Your opinion is greatly appreciated.

[Noverteno]

It is unlikely that this will ever happen. The digitized national currency of states will to some extent supplant ordinary currency, including paper money. However, in my opinion, it cannot replace the work of commercial banks. Banks perform much more functions than a stable central bank coin.