Question: 09. TBD How might domestic and cross-border digital payments evolve in the absence of a U.S. CBDC?

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How might domestic and cross-border digital payments evolve in the absence of a U.S. CBDC?

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Without the advent of a U.S. CBDC, there are a few possible scenarios that will evolve:

The use of Cryptocurrencies (i.e., Bitcoin, Ethereum, etc.) to transfer money across bordersThe use of new Financial Services from existing Finacial institutions such as Europay, MasterCard®, and Visa (EMV)The use of Mobile Payment systems such as PayPal, Venmo, and ZelleThe use of Payment Cards such as Credit Cards, Debit Cards, Charge Cards, Prepaid Cards or Electronic Benefit Transfer (EBT)