Separate bills in the US House of Representatives and Senate propose creating so-called digital dollars and the accounts that would hold them, in order to blunt the shock of the coronavirus shutdown.Supporters of the legislation claim the Fed digital dollar accounts would help speed up payments to households that need support. They say the US government currently lacks adequate infrastructure to distribute coronavirus-related payments as widely as needed.
Continue reading: https://www.verdict.co.uk/retail-banker-international/news/digital-dollars-get-big-push-as-coronavirus-crisis-deepens/
