Last week, Federal Reserve Chairman Jerome Powell announced that the U.S. central bank is actively exploring the launch of a digital dollar. As of now, at least two prototypes of a digital dollar are nearing completion, being developed by officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology. James Cunha, leader of the project for the Boston Fed, said they hoped to show off their work in the third quarter, and that they “think it’s important that we not wait for the policy debate because then we’ll be a year or so behind” (emphasis added)
(Image not shown due to low ratings)
(Image not shown due to low ratings)
(Image not shown due to low ratings)
(Image not shown due to low ratings)
Images were hidden due to low ratings.