Policymakers in Washington are engaged in a fierce debate over infrastructure investment, what should count as infrastructure and how much should be spent to improve it.
He argued that a more than 10-year experiment with cryptocurrencies like bitcoin BTCUSD, -0.10% and ethereum ETHUSD, +0.01% has made it increasingly obvious that digital money will play a transformative economic role in the decades ahead and that policymakers “need to wake up to this.” Last August, the Federal Reserve Bank of Boston announced a collaboration with the Massachusetts Institute of Technology to experiment with the creation of a digital version of the U.S. dollar, but many proponents of digital money, including Giancarlo, argue that more needs to be done.
One such pilot seeks to determine the benefits digital cash could bestow upon Americans who don’t have bank accounts because they live in areas that banks don’t service or because they don’t make enough money to afford one. “We recognize there are enormous challenges and opportunities in central-bank digital currency, but so far all we’ve got is conferences and academic papers, what we don’t have is results and real-world testing,” he said. “We’re going to do real-world testing and make the results available to all.”
Fed invest money in printing and Anti counterfeit Security! Why do they need to spend more on a digital dollar that’s operational cost is greater than its physical value! ? Everyone needs to wake up from their social media trending infatuation of speculation
The dollar is already digital
Yes it does!!!
Ooohh they woke it’s called the Fedcoin they’re working on it now
Prof Robert Hockett rch371 is my go-to expert on a DigitalDollar and CBDC. Read:
Nobody wants this.
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