The central bank digital currencies (CBDCs) and stablecoins are "a natural progression of today's monetary and payment systems," according to Bank of America, which anticipates "private sector beneficiaries to emerge in all phases of CBDC deployment."

This week, a study on global cryptocurrencies, digital assets, and central bank digital currencies (CBDCs) was released by the worldwide research team at Bank of America (BOA). They wrote:

“Digital currencies appear inevitable. We view distributed ledgers and digital currencies, such as CBDCs and stablecoins, as a natural evolution of today’s monetary and payment systems.”
“Our view is CBDCs that leverage distributed ledger technology have the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.”

According to the paper, 114 central banks are now investigating CBDCs, representing 58% of all nations and more than 95% of the world's GDP. It also notes that central bank digital currencies

“do not change the definition of money, but will likely change how and when value is transferred over the next 15 years.”

According to Bank of America,

“CBDC issuances by central banks appear inevitable for three reasons. Firstly, they may increase efficiencies for cross-border and domestic payments and transfers. They also may decrease central banks’ risk of losing monetary control and increase financial inclusion.”
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