Digital currencies such as central bank digital currencies (CBDCs) and stablecoins are the natural evolution of money and payments, Bank of America said in a research note on Tuesday. CBDCs will not change the definition of money, but may change the way value is transferred in the next 15 years. Central bank digital currencies have the potential to revolutionize the global financial system and may be the most significant technological advancement in the history of money. Central banks and governments are expected to drive innovation in digital assets by leveraging the private sector. (CoinDesk)