Bank of America Says CBDCs Are the Future of Money and Payments

โ€œCBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,โ€ analysts led by Alkesh Shah wrote, adding that central bank digital currencies have โ€œthe potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.โ€

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