Ready For Digital Dollars?

There has been much discussion recently amongst global leaders regarding the creation of central bank digital currencies (or “CBDCs”). China is likely still the leader in this effort. However, the United States is now one step closer to having its own digital dollar.

This week we learned that some of the biggest names in banking and finance, like Citigroup, HSBC, Mastercard, and Wells Fargo, teamed up with the New York Federal Reserve to launch a pilot program to explore the possibilities of a programmable digital dollar. A programmable digital currency may sound harmless, but it has serious implications for how our government and society operate.

#cbdc #digitaldollar #politics