Digital dollar: what is and how will it work this month while the EU governor works

Secretary of the United States Treasury, Janet Yellen, said this week that President Joseph Biden’s administration is backing the investigation into the viability of a digital dollar, according to the Bloomberg News Agency.

“I feel that central banks are holding the issue of sovereign digital currencies,” said Yellen at a virtual conference organized by the New York Times.

In this context, affirm that a digital version of the dollar could help to overcome obstacles to the inclusion of finance in the United States between the upper classes.

“Demasiados estadounidenses does not have access to payment systems and easy banking accounts, and it is believed that this is something that a digital dollar, a digital currency of the central bank, could help”, remarked. “Podría results in more fast, secure and economical paychecks that create its important objectives”, added.

The digital dollar is a new form of money. It deals with the digitalisation of the currency issued by the Federal Reserve of the EUU in order to liberate systemic giants without the need to hold an account in the bank.

Cabe distacar that various central banks, including the Federal Reserve of the United States, will be investigating how digital versions of its own currency work. Officials generally come up with opportunities and risks, and many central banks are slow to embrace the idea, while China is pursuing the test of a digital yuan pilot program.

Demasiados estadounidenses does not have access to payment systems and easy banking accounts, and it is believed that this is something that is a digital dollar, a digital currency of the central bank, could help (Janet Yellen, Secretary of the United States Treasury

The EU Central Bank announced last year that the staff of the staff of the Federal Reserve Bank of Boston was conducting a research and meeting with the MIT Digital Initiative of MIT in Cambridge, Massachusetts, looking to build and try a digital mortgage.

En tanto, Yellen, ensures that bitcoin is established as a payment method and is “an extremely inefficient way of carrying out transactions”.

Cabe records that Bitcoin repaid the graceful quotes to the favorable comments of an inverse renowned, Square’s statement, the Twitter CEO’s statement, which sums up more cryptocurrencies on its balance sheet and promises more monetary.

The volatile token found in these items a support that the level has dropped below 7.2% in the day, to hit a maximum diary of USD 51,393 during a week that included a balance of USD 45,000 on the months that revoked the doubts about sustainability de las ganancias siderales del último año.

Yellen questioned the amount of energy it consumes to process bitcoin transactions. The cryptocurrency, for its part, is defended by its partners as essentially a separate financial system, Independent of the control of central banks and any digital potential patronized by the state.

The Secretariat of the United States Treasury agrees that these officials should first issue a series of questions, including the form in which a digital currency affects the traditional bank deposits, the financial establishment, the transaction.

‘There is much to consider here, but the pen miracle“, Aseguró.

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