The primary goal of CBDCs is to provide businesses and consumers with greater privacy, transferability, accessibility, financial security, and convenience. CBDCs could decrease the cost of maintaining complicated financial systems, reduce costs associated with cross-border transactions, and provide users with alternative money transfer methods with low-cost options.
CBDCs address several issues, such as third-party risk of events like bank runs. They also reduce cross-border transaction costs and remove the cost of implementing a financial structure within a country to bring financial access to the unbanked.
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