The quoted banker does not specifically talk about the end of the Central Bank Digital Currency that lays at the end of the promoted rainbow; the author does. However, the banker does outline a familiar step in the current process.  As a result, it is worth drawing attention to the continuum.

MAINE – “According to Hannigan, the COVID-19 pandemic forced businesses to implement “paper-free and virtual processes” to handle their finances while “adapting to the new reality.

“For years, Americans had been slowly moving away from cash and paper checks, but the pandemic supercharged the trend,” Hannigan wrote. “By last year, 41% said they never use cash for purchases, up from 24% in 2015, according to the Pew Research Center. Only 14% still exclusively use cash and checks.” (Read More)

There is a BIG difference between electronic funds (current), and a digital dollar (future).