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Blog: Will the U.S.’ Covid-19 Stimulus Strengthen the Case for Central Bank Digital Currency?

by CBDC Insider Staff
April 20, 2020
in Business, US
Reading Time: 1min read
0
Blog: Will the U.S.’ Covid-19 Stimulus Strengthen the Case for Central Bank Digital Currency?
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When your kitchen is on fire, you wouldn’t want a passcode-protected fire extinguisher, wrapped in a three-layer sealed packaging, sitting in your garage. Delays in applying your tools can be fatal.
With the Covid-19 pandemic rupturing basic fabrics of global economies, shops around the corner are closing down, and millions of people are starting to file unemployment claims. As a result of necessary social-distancing mandates to flatten the curve, the economy is simultaneously blown by a supply shock and a demand shock.

Continue read: https://www.caixinglobal.com/2020-04-17/blog-will-the-us-covid-19-stimulus-strengthen-the-case-for-central-bank-digital-currency-101543986.html

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