A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base from which to create a cheaper, faster and more secure ecosystem for electronic fiat or central bank digital currencies (CBDCs).
Deloitte’s analysis, "State-Sponsored Cryptocurrency," pointed out the need for a complete redesign of the traditional fiat ecosystem to overcome the impending issues of being “slow, error-prone and expensive relative to performance in other high-tech industries.”