Non-Federal Federal Reserve Considers ‘FedCoin’
Yeahhh….i’m going to pass and I’ll stick with my Bitcoin…
FEDERAL RESERVE CONSIDERS ‘FEDCOIN’ DIGITAL CURRENCY
“More than a decade ago, no one would have believed that Bitcoin, the newly created virtual currency underpinned by blockchain, would trigger major changes in the financial world and would force central banks to accommodate to the new circumstances. However, this is exactly what happens. Blockchain adoption went so far that the Fed itself is thinking about issuing its own digital currency, dubbed ‘FedCoin’ by Reuters.
Governor Lael Brainard said yesterday that the American central bank was analyzing multiple issues related to digital payments and currencies, including policy, design, and legal consequences of potentially issuing its own digital currency. She said during a conference at the Stanford Graduate School of Business:
‘By transforming payments, digitalization has the potential to deliver greater value and convenience at lower cost.’…”