This is HAPPENING The Digital Dollar Is Here!

#DigitalDollarPilot #CBDCpilot #DigitalAsset
Rice Crypto Show: This is HAPPENING The Digital Dollar Is Here! On this episode, I will be talking about the launch of a digital dollar pilot that will run for 12 weeks in a test environment and will involve central banks, commercial banks, and regulated non-banks. Nine U.S. financial institutions, including BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank, and Wells Fargo. The New York Innovation Center, part of the New York Fed, is also involved have launched a pilot program working with the Federal Reserve Bank of New York to test the feasibility of a digital dollar based on distributed ledger technology. THIS IS BASICALLY A CENTRAL BANK DIGITAL CURRENCY!

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Links:
https://www.investopedia.com/ny-fed-works-on-cbdc-6829573
https://cointelegraph.com/news/ny-fed-launches-12-week-cbdc-pilot-program-with-major-banks
https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp
https://www.newyorkfed.org/aboutthefed/nyic/facilitating-wholesale-digital-asset-settlement
https://www.newyorkfed.org/newsevents/speeches/2022/nea221104

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