Re:Central Bank Digital Currencies are coming
by anm89 on Tuesday October 20, 2020 @04:50PM
(#24842246)
The only currency involved in a digital dollar is USD. There is no new currency proposed here.
The thing that makes an existing dollar digital is being in a new type of bank account that is held by the fed instead of a retail bank. So this is an new type of bank account, not a new type of currency.
I do a youtube channel on monetary issues and my last video was specifically on this topic. Feel free to check it out if you are interested
The thing that makes an existing dollar digital is being in a new type of bank account that is held by the fed instead of a retail bank. So this is an new type of bank account, not a new type of currency.
I do a youtube channel on monetary issues and my last video was specifically on this topic. Feel free to check it out if you are interested
https://www.youtube.com/watch?v=n9qnhV9SAyg