FEDCOIN TO THE RESCUE?
Channel: The Nomad Economist
Date: 07/04/2021

FEDCOIN TO THE RESCUE?
It could take several years. But “Fedcoin'' is on its way and soon will be our reality. The question is: Will Fedcoin make our lives easier or just the Fed’s?

The Federal Reserve Bank of Boston is currently working with Massachusetts Institute of Technology (MIT) on the project, with the first step expected to be revealed for the fall, as explained in the Wall Street Journal on Wednesday. We’ve been offered some details as to the direction it seems to be aiming, drawing similarities to private cryptocurrencies without the mining costs:

The Fed staffers say their efforts are mindful of private offerings but don’t seek to replicate them. For instance, the creation of Fed digital dollars wouldn’t mimic the energy intensive mining system seen in some private offerings …


For the full transcript go to https://financearmageddon.blogspot.com
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