> disintermediates the entire payment sector Unfortunately, the recent proposal specifically reassures commercial banks that any US CBDC will be intermediated

> disintermediates the entire payment sector Unfortunately, the recent proposal specifically reassures commercial banks that any US CBDC will be intermediated (right on page 2) [1]. Board of Governors can't risk jeopardizing their speaking fees. Individual FedAccounts via USPS locations is the way to go for the underbanked [2]. But, disappointingly, this is not that. [1] https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf https://www.federalreserve.gov/publications/files/money-and-... [2] https://dx.doi.org/10.2139/ssrn.3192162 https://dx.doi.org/10.2139/ssrn.3192162