Federal Reserve trying hard to Mint digital dollars

serf

February 24, 2022 21:48

How is the word to Mint digital currency is used is beyond belief to me and no free man should even consider it as real money in a free society. So I guess now i will truly be an outsider soon?

serf

https://www.msn.com/en-us/money/news/as-the-fed-considers-minting-the-first-digital-dollar-it-is-tapping-experts-from-a-crypto-company-with-a-stake-in-the-outcome/ar-AAUdERb

As Federal Reserve officials consider whether to launch a digital version of the dollar, several former officials of one company with a direct stake in the outcome are working to inform the project, a new report based on public records finds. At least five employees of Circle, which issues the world’s second-most popular stablecoin, have left the company over the past three years to work at the Boston Federal Reserve Bank as it researches how a U.S. digital currency might work.

The project could have profound implications for the future of money — and for Circle’s business model. A new form of electronic cash minted by the central bank could “directly and adversely impact the demand” for Circle’s own, privately issued version, the company said in a federal filing last year.

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  mac10

  February 25, 2022 00:51

  easyer to shut off and block canada has shown the way

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  mohawk600

  February 25, 2022 01:54

  The way to completely control the economy is to make money digital.........once hard currency is gone there is little chance to pay or get paid under the table for yard work, handy work...........etc. All transactions can be taxed.

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  Brookwood

  February 25, 2022 09:21

  I'll give the kid 5 cans of pork & beans to shovel my deck.

  
  

  5 cans. The new hourly wage!

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