[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]
