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CBDCs are development phase

We've been buying stuff without using currency for decades. Banks have been exchanging money this way also.

The only thing missing is an official "central bank" endorsement that would lead to a faster and more efficient process.

Banks also oppose this also because it would cut them out of a large chunk of the financial market.

This is not just about efficiency, but how the financial market infrastructure works. Central banks aren't just about adding a label - they're a core entity behind currencies that we use for day to day payments

I'm not sure what you mean by "We've been buying stuff without using currency for decades". Unless you're purchasing with gold - you're likely using currencies

When you buy something with a debit card, you're using "digitized currency". And "digital currency" is the topic here.

It's all data stored and manipulated by computers anyway. The only difference is how the data is routed and stored.

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