Welcome back to New World next week. I'm James Corbett of Corporate Report.com.

And I'm James Evan Polato for MediaMonarchy.com. Switch off the electricity. I don't effing care. I'm sick of this.

We've got that story. Plus, the EPA makes

you DOA. But first, Bank of America calls CBDCs more effective than cash in new research.

This coming from coin desk.com, Bank of America, B of A, called Central Bank Digital Currencies,

CBDC, Central Bank Digital Currencies,

a much more effective payment system than cash in a research paper recently published.

The Charlotte, North Carolina-based bank, the second largest in the U.S. by total assets,

said that CBDCs could replace cash completely in the distant, they have to put distant in parentheses future.

Way off in the future, like 2030 probably.

The report comes amid surging interest among central banks, probably because they're not getting their cut and do not like that.

A May report by the blockchain infrastructure platform

bison trails, those sound like nature words, found that about 80% of central banks are exploring

use cases involving CBDCs with 40% already testing proof of concept programs. Bank of America

said that CBDC adoption was inevitable, citing a declining

role for cash, the private sector's increasing use of blockchain, loss over currency control,

and CBDC's potential to boost the economy. It also noted that central banks that did not

launch their own digital currencies could see decreasing

demand for their currencies substantially in some cases, and of course you'll have a smaller

role if you don't, of course, adopt the digital dollar. Addressing concerns that a CBDC could

compete with bank deposits, spurring bank runs in compromise individual security.

The paper highlighted central banks' very cautious approach.

...