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At what point should the federal government make a serious attempt at becoming a digital processor for USD transactions. If a payment mechanism existed for free
by seanalltogether 7y ago
At what point should the federal government make a serious attempt at becoming a digital processor for USD transactions. If a payment mechanism existed for free transactions of any amount, paid for by normal American taxes, that would revolutionize digital payments. Let the banks compete on fees for managing accounts and support and fraud, and the government can handle the processing infrastructure and uptime guarantees.
- solotronics 7y agoSo the same organization that runs the DMV should become the worlds largest payment processor? I will stick with a bank and Bitcoin. edit: I know the DMV is not the federal government I was just making a exaggerated point
- buttcoinslol 7y agoThe federal government does not operate "the DMV". Each state does.
- lowdose 7y agoIf you mean the Federal Reserve System it would cut out the middleman from finance which maybe results eventually in a more even distribution of wealth.