Wall Street Banks Brace for Digital Dollars as the Next Big Disruptive Force
A digital dollar would resemble cryptocurrencies such as bitcoin or ethereum in some limited respects, but differ in important ways. Rather than be a tradable asset with wildly fluctuating prices and limited use, the central bank digital currency would function more like dollars and have widespread acceptance. It also would be fully regulated and under a central authority. Myriad questions remain before an institution as large as the Fed will wade in. But the momentum is building around the world. "A major move to introduce central bank digital currencies (CBDCs) could actually disrupt the fi...
Source: nbcsandiego.com