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This is a citation of an outside article. Gravyday is not responsible for its content. Original URL below.
What exactly is a digital dollar, and how would it work?
Governments globally are thinking about digitizing their currencies. Here’s what that means—and how it could impact you.
Right now, you likely keep your money in a bank account, where it exists digitally. But what if some of your funds could live in an account run by the Federal Reserve, and you could access it with a digital wallet? That’s the basic idea behind a digital dollar, and experts hope it will fix some of the problems in traditional banking. (more)

Original Article: https://www.popsci.com/technology/central-bank-digital-currencies-explained/

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