Boston Fed Is Looking at ’30 to 40′ Blockchain Networks for Digital Dollar Experiments
The Federal Reserve Bank of Boston is evaluating more than 30 different blockchain networks to determine if they would support a digital dollar
The Federal Reserve's “wait and see” approach to digital currency could deprive the U.S. of important fiscal and monetary tools as its rivals move ahead.
The proposal games out CBDC scenarios for fundamentally different potential digital currency end users.
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
“It’s something we’re studying … [T]his is really a decision which sits as much with the Fed as it does with Treasury,” said Deputy Secretary Justin Muzinich.
If the United States had a digital dollar, we wouldn't need to worry about a lack of coins at retailers like Target and Kroger.