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Learning & News => News related to Crypto => Topic started by: SRShanuka2020 on May 22, 2020, 11:43:26 PM

Title: JP Morgan: CBDC Threatens Hegemony of US Dollar
Post by: SRShanuka2020 on May 22, 2020, 11:43:26 PM

JP Morgan: CBDC Threatens Hegemony of US Dollar

(https://i.imgur.com/4ZLKAbO.png)

JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar.

According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country with more to lose from the disruptive potential of digital currency than the United States.”

“This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for international trade in commodities, goods, and services conveys immense advantages,” the report added.

Visit For More info: Here (https://cointelegraph.com/news/jp-morgan-cbdc-threatens-hegemony-of-us-dollar)

Title: Re: JP Morgan: CBDC Threatens Hegemony of US Dollar
Post by: Fenix on May 23, 2020, 06:30:27 AM

In my opinion, the US government will only benefit from creating its own digital dollar. Various commercial entities create their own stable coins with collateral in US dollars, but the US government is on the sidelines and does not benefit from it. The digitized currency provides the state and its citizens with additional opportunities and amenities. Therefore, the US government will benefit from the introduction of the digital dollar.