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US Federal Reserve Laying The Groundwork To Explore The Option To Launch A Digital Currency

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US Federal Reserve Laying The Groundwork To Explore The Option To Launch A Digital Currency - Hallo friend WELCOME TO AMERICA, In the article you read this time with the title US Federal Reserve Laying The Groundwork To Explore The Option To Launch A Digital Currency, we have prepared well for this article you read and download the information therein. hopefully fill posts Article AMERICA, Article CULTURAL, Article ECONOMIC, Article POLITICAL, Article SECURITY, Article SOCIAL, we write this you can understand. Well, happy reading.

Title : US Federal Reserve Laying The Groundwork To Explore The Option To Launch A Digital Currency
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US Federal Reserve Laying The Groundwork To Explore The Option To Launch A Digital Currency

Politico: Fed explores ‘once in a century’ bid to remake the U.S. dollar 

The rise of private cryptocurrencies motivated the Fed to start considering a digital dollar to be used alongside the traditional paper currency. 

The Federal Reserve is taking what may be the first significant step toward launching its own virtual currency, a move that could shake up banks, give millions of low-income Americans access to the financial system and fortify the dollar's status as the world’s reserve currency. 

The idea of creating a fully digital version of the U.S. dollar, which was unthinkable just a few years ago, has gained bipartisan interest from lawmakers as diverse as Sens. Elizabeth Warren (D-Mass.) and John Kennedy (R-La.) because of its potential benefits for consumers who don’t have bank accounts. 

But it’s also sparking strong pushback from those with the most to lose: banks.  

Read more ....  

Update: Fed Explores Option to Launch Digital Currency (Newsmax) 

WNU Editor: This is going to happen. The debate is when. My prediction is in the next decade this will be the primary method used in doing most financial transactions. Sooner if a major economic crisis hits the U.S..

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Politico: Fed explores ‘once in a century’ bid to remake the U.S. dollar 

The rise of private cryptocurrencies motivated the Fed to start considering a digital dollar to be used alongside the traditional paper currency. 

The Federal Reserve is taking what may be the first significant step toward launching its own virtual currency, a move that could shake up banks, give millions of low-income Americans access to the financial system and fortify the dollar's status as the world’s reserve currency. 

The idea of creating a fully digital version of the U.S. dollar, which was unthinkable just a few years ago, has gained bipartisan interest from lawmakers as diverse as Sens. Elizabeth Warren (D-Mass.) and John Kennedy (R-La.) because of its potential benefits for consumers who don’t have bank accounts. 

But it’s also sparking strong pushback from those with the most to lose: banks.  

Read more ....  

Update: Fed Explores Option to Launch Digital Currency (Newsmax) 

WNU Editor: This is going to happen. The debate is when. My prediction is in the next decade this will be the primary method used in doing most financial transactions. Sooner if a major economic crisis hits the U.S..



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