According to news on November 3, consulting firm Oliver Wyman and JPMorgan Chase released a report entitled “Release 120 billion U.S. dollars in payment value” on Wednesday.
The Central Bank Digital Currency (CBDC) can save more than $100 billion in transaction costs every year. The report estimates that in nearly $24 trillion of cross-border wholesale payments each year, banks incur a total transaction cost of more than $120 billion; this does not include the potential hidden costs of trapped liquidity and delayed settlement.