[lwo32k]

The moment a country/central bank rolls out an interest-bearing CBDC with an AI that taps into centralized credit data to issue small loans, *most people* won’t need a traditional bank ever again.

So...a digital wallet, like a passport, issued by the central bank. Safer. Pays interest. Gives modest credit. UPI already blindsided Mastercard/Visa in India. The same could happen to retail banks quietly displaced by a central bank wallet for the masses. I wouldn’t be surprised if China or India gets there first.

The upper classes will cling to their banks for wealth management, tax juggling, hedge fund gymnastics etc cuz their 3-inch chimp brains, by themselves, can't handle the complexities of modern ever changing high finance games. But for the rest of us? Banking apps may go the way of fax machines.

[misiak]

thank you