>every single dollar going into the pockets of banks /payment processors is going to go to consumers, or be returned to the public. I doubt that. It would cut

>every single dollar going into the pockets of banks /payment processors is going to go to consumers, or be returned to the public. I doubt that. It would cut some costs and profit margins, but it wouldn’t be free to run the new system either. Someone needs to run the infrastructure, provide customer support, resolve conflicts, fight fraud, create apps and integrations, etc. It seems unlikely that central banks will do all of it themselves. The payment processing industry won’t go away, but the system will be simpler and they will have some welcome competition in some areas, which should depress the fees in high fee countries such as the US. In Europe it wouldn’t change much in terms of cost I think.