[vc_row][vc_column][vc_paragraph text=”The US Federal reserve (FRS) is currently experimenting with the digital dollar. The goal will be to understand how this works and what consequences it can have.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”The FED is working on a digital dollar” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to a report published by Bloomberg, the results of this collaboration on the digital dollar will be published and made available as open source software to increase the number of experiments.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Governor Lael Brainard explained that the Federal reserve Bank of Boston and the Massachusetts Institute of technology intend to implement this multi-year effort to test the virtual asset they want to manage.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Although there are other prototypes of Central Bank digital currencies (CBDC) around the world, the goal is to create a mechanism and software that will meet the requirements and needs of the US economy. The United States is a country that processes many transactions and needs improved security and privacy.”][/vc_column][/vc_row]
News
UN Chief at virtual G20, “It’s a war… and we don’t win”
[vc_row][vc_column][vc_paragraph text="In his speech at a virtual summit G20 on COVID-19 pandemic on Thursday, UN Secretary-General Antonio Guterres said, “We ...
Without rubric
What are crypto debit cards and are they worth attention?
The crypto industry continues to grow with each new technology. Even if the government does not yet recognize cryptocurrency as ...
News
IOST has become first blockchain project announced by Amazon AWS China
[vc_row][vc_column][vc_paragraph text="IOST platform “Blockchain as a Service” (BaaS) announced it had enhanced its partnership with AWS China, the world`s leading ...