Bank of America says stablecoin adoption and CBDC is ‘inevitable’ By
It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America (NYSE:).
Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. The analysts wrote:
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Bank of America says stablecoin adoption and CBDC is ‘inevitable’ By