CBDCs are a digital equivalent to cash more than currency as a whole - they are something you hold yourself in a "wallet" instead of existing as bank deposits,

CBDCs are a digital equivalent to cash more than currency as a whole - they are something you hold yourself in a "wallet" instead of existing as bank deposits, and in fact they could end up reducing the need for current accounts by providing digital and automated payments directly, although banks will still serve other purposes and most will likely still not want to hold all their own money for security and just general change aversion.