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Or, say, the Federal Reserve Bank could issue electrodollars.
by dsr_ 6y ago
Or, say, the Federal Reserve Bank could issue electrodollars.
- deleted 6y ago[deleted]
- toomuchtodo 6y agoThat’s the direction all central banks are headed, although the ECB is ahead of the pack. I expect the Fed to get there with the same delays and feet dragging US financial infrastructure is known for. People want stable currencies, not the ability to transact day to day with volatile commodities having no intrinsic value. https://www.ecb.europa.eu/euro/html/digitaleuro.en.html https://www.ecb.europa.eu/euro/html/digitaleuro.en.html (“A digital euro”) https://www.bis.org/publ/work880.pdf https://www.bis.org/publ/work880.pdf (“Rise of the central bank digital currencies: drivers, approaches and technologies”, pdf)