I don't think the banks will step aside very easily. What do you think about CBDCs and their play in this system? After all, the CBDC will knock away the banks as well. I am looking forward to the point when crypto becomes more common as a payment option. Also, do you think the dollar will still be the unit bias we will be using when we make the switch?
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No banks wont step aside.
CBDCs are very interesting for the banking system. You are right, it could be a major screw job depending upon how it is set up. From what I read, the Fed appears like they will protect the banks through the wallet system and have much of it still go through them.
Of course Treasury is no talking about E-Cash.
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