This is spot on. However I suspect the way crypto will reach the masses will map this phenomenon. Unless they will be forcefully enforced, and I suspect they can’t really do that, CBDCs are bound to fail. LN will be the middle layer that facilitates settlements on the fiat one. The idea of a blockchain is way too complex to be fully embraced only by virtue of face value by the average person that has already issues comprehending what the SWIFT system is, or how Visa and Mastercard work.

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