A U.S. digital dollar project and foreign central bank digital currency (CBDC) trial programs have emerged against the backdrop of the Covid-19 pandemic and its disruptions of economies and finance worldwide. These initiatives could start the global digital currency revolution that the Libra project attempted to launch in 2019.
Money in the Time of Covid-19
The economic crisis and social distancing practices caused by the Covid-19 pandemic have done in 2020 what the Libra project of social networking giant Facebook could not do in 2019: interest more than a few members of Congress in digital currency.
A growing and bipartisan ...
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