CBDCs Could Change Everything

Central bank digital currency gives consumer a direct relationship with the central bank. CBDCs are only being used or trialed in a handful of countries worldwide, but they're growing fast. 80% of central banks are considering issuing them in the future. Bank for International Settlements says that within three years, a fifth of the world will live in countries that have this central bank digital money. If everyone put their money into a CBDC then fractional reserve banks could potentially be out of a job.