The US Federal Reserve is developing digital dollar in order to make experiments related to the digital currency markets. According to Marketwatch, Fed Governor Lael Brainard said the aim is to enhance Fed´s understanding of digital currencies.
– Given the dollars important role as a global reserve currency, it is essential the Fed remains on the frontier of research and policy development of digital currencies, he said.
Digital currencies, bitcoins and digital money are the future trading transfers in different digital platforms. The value of the digital money is that the transactions are faster and more transparent.
Some analysts have also expressed their thoughts that in case of coronavirus pandemic, the goverments economic stimulus transfers would have been faster with digital currencies than with normal bank accounts enabling the recovery to be more effective
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