Are CBDCs a threat to commercial banking? The Philedelphia Fed weighs in
Cointelegraph has a very good article  that discusses a recent paper published by the Phildelphia Fed  on CBDCs and whether they are a threat to the commercial banking system. The article refers to a number of differing views on this topic, including that of Marshall Hayner, CEO of Metal, who is largely supportive of CDBCs, and that from IMF’s Tommaso Mancini-Griffoli who said CBDCs should be provided in public private partnership . It also provides a reference to important whitepaper  of the Digital Dollar Project . So what does this all mean?