Profit-driven banks may be more interested in seeking wealthy clients, rather than ensuring access to the financial system for the 1.7 billion people who don’t have access, the FSI argued. By allowing new kinds of private payment providers into the market, “CBDCs could introduce more vibrancy and innovation, leading to more tailored and compelling value propositions for both payers and payees,” the report says.
Banks May Face Competition From CBDCs, Study Suggests
