Bank of America: Digital currencies like CBDC and stablecoins are the natural evolution of money and payments

Bank of America (Bank of America) said in a research report that "digital currencies such as central bank digital currencies (CBDC) and stablecoins are the natural evolution of money and payments. Central bank digital currencies have the potential to revolutionize the global financial system and possibly currency. The most significant technological advancement in history. CBDC will not change the definition of money, but it may change the way value is transferred in the next 15 years. Central banks and governments are expected to drive digital asset innovation by leveraging the private sector.”