Central banks may partner with financial institutions to introduce digital currencies within 5 to 10 years, in our view. But it's primarily businesses that will feel the effect. This wholesale approach is a likely first step towards universal adoption of CBDCs. It is less disruptive and makes global payments cheaper, 24/7 faster and more secureIn many countries, domestic payment infrastructure is being upgraded to make “real time” payments possible. Yet legacy payment infrastructure continues to have important shortcomings. While the front-end may be upgraded to allow real-time transactions, including outside office ... (full story)