So, I understand why, if you view CBDCs as a tool to bring these costs down, you’d favor pushing along their development. But the fact remains that to fix cross-border payments through CBDCs, you’d need to rely on solid worldwide geopolitical relationships. And, unfortunately, we don’t have those. The world is too fragmented, too unruly, to allow CBDCs to be implemented globally.
This article was originally published by Coindesk.com. Read the original article here.