Digital Dollar

Negotiations over Digital Dollar- Good or Bad Things?

Negotiations over Digital Dollar- Good or Bad Things?

There were negotiations over different solutions at Thursday’s House Financial Services Committee (FSC) hearing. J. Christopher Giancarlo, director with the Digital Dollar Project, told tokenization is a way to future-proof the dollar. Several countries in the world have been trying to digitize their currencies. Previously Giancarlo suggested that a digital dollar should not be cobbled …

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Digital Dollar Make the States to obtain high Power over Money

Digital Dollar Make the States to obtain high Power over Money

With an eye to stimulating the economy with direct cash injections and bank the unbanked, bills were proposed by democrats and Senate to allow individuals to hold checking accounts directly with Federal  Reserve Banks and such account were referred to as ‘’digital dollars.’’ A bipartisan group of U.S. congressmen urged Treasury Secretary Steven Mnuchin to …

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U.S. Congress to Consider Digital Dollar as a Solution

U.S. Congress to Consider Digital Dollar as a Solution

During coronavirus epidemics funds are being distributed among individuals by states but the problem stands in the case of unbanked individuals. Advocates for digitizing coronavirus relief payments started working with congressional staffers hand to hand and these advocates are making the Federal Reserve understand that how the bank could potentially distribute funds to unbanked individuals …

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Ex-CFTC Officials Initiated for Digital Dollar with Accenture Partnership

Ex-CFTC Officials Initiated for Digital Dollar with Accenture Partnership

J. Christopher Giancarlo, former CFTC Chairman, Daniel Gorfine, former LabCFTC Director, and Charles Giancarlo, investor, are working together in forming the Digital dollar Foundation, operating with Accenture, a multinational professional services company in strategy, consulting, digital, technology and operations, to design a U.S. central bank digital currency (CBDC). The organization aimed at convening all related …

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