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We live in an increasingly cashless society. A year into the pandemic, the number of businesses that accept only electronic payments doubled, according to data from the digital payment company Square. But the digital shift in the economy is leaving some people out mainly those who don’t have a bank account, or a credit or debit card to use for payments. Federal estimates
The two members of the state's congressional delegation say an official digital currency would bridge a worrying digital divide in an increasingly cashless society.
Several recent releases of draft legislation, reports, and speeches highlight the federal government's efforts in the first quarter of 2022 to address the rapidly developing digital.