Cathy Fortune, head of digital at the Bank of England (BoE), said the future will see a hybrid ecosystem of various forms of money, including CBDCs and stablecoins.
A CBDC would also set legal standards, which in turn would help spur innovation. Stablecoins and CBDCs have huge potential to create a new economy, money should be like turning on a light, I’m not thinking about electricity, but the fact that we all use the same energy source makes a big difference.
According to Cathy Fortune, the focus should be on creating a CBDC infrastructure that will allow people to conduct financial transactions more smoothly.