Earlier this week, JP Morgan released a report stating that the launch of central bank digital currencies (CBDCs)—digital versions of the dollar, euro, yen, etc. based on the same technology as bitcoin—could save commercial banks $120 billion every year.
When something can save banks that much money, you can be pretty sure it’s going to happen.
So, as global governments push toward adopting digital versions of our sovereign currencies, I sat down with Field Notes Managing Editor Ciaran Madden to discuss what these currencies mean for wallets and our privacy.
Check out the video of our conversation below…
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