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Learning & News => News related to Crypto => Topic started by: newshunter on June 12, 2020, 01:00:44 PM

Title: Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments
Post by: newshunter on June 12, 2020, 01:00:44 PM

Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments

In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure.

Source: Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments (https://cointelegraph.com/news/congress-weighs-digital-dollars-for-aid-after-stalled-covid-19-stimulus-payments)

Would appreciate your opinion about this

Title: Re: Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments
Post by: Alcor on June 13, 2020, 06:00:23 AM

The United States is already lagging behind in the global trend towards a transition to a digitized national currency. Its main competitor in the trade confrontation - China has been testing its digital yuan for a long time, and the US Congress is just beginning to think about issuing its digital dollar. Meanwhile, various commercial structures have long been using the dollar to secure their stable coins. The US government is already lagging behind in this regard.