The US should accelerate the development of digital dollar

by in Cryptocurrency News

Digital dollar

In the US leadership at various levels, many periodically raise the question of the advisability of launching the digital dollar.

Federal Reserve Governor Lael Brainard believes that many states are already moving towards creating a national token. If Washington hesitates, then the country runs the risk of lagging behind its neighbors in terms of technology.

The representative of the FRS expressed her position at an event organized under the auspices of the Aspen Institute Economic Strategy Group.

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Brainard said the dollar still dominates international payments. However, for some reason, the US leadership is in no hurry to create a digital version of its national currency, while other countries are already far advanced in this matter.

The digital dollar will allow transactions to pay for goods and services, even for those people who do not have bank accounts.

Note that at the beginning of July, the chairman of the Federal Reserve System Jerome Powell, during one of his speeches, said that the United States will observe the countries developing CBDC. In September, the regulator will publish a report on the assessment of the impact of the introduction of the digital dollar.