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While the Likes of Nigerla, China and few other countries has released their CBDC the Bank of America has revealed that between 2025 and 2030, such a product will be available in the US. CBDCs are "an inevitable progression of today's electronic currencies," according to Bloomberg, citing bank analysts Alkesh Shah and Andrew Moss. Last week, the Federal Reserve released a paper looking at the benefits and drawbacks of a central bank digital currency. It might result in quicker settlements and lower transaction costs, as per report.
What do you make of this kinda long time frame?
What do you make of this kinda long time frame?