US must look to ‘future proof’ the dollar with a CBDC (Finextra)

 

Accenture and the Digital Dollar Foundation have published a whitepaper laying out proposals for the development of a central bank digital currency (CBDC) in the US.

The partnership, known as the Digital Dollar Project, is seeking to “future-proof the dollar” against developments in the way consumers and businesses transact across the world.

Specifically, the Project wishes to protect the USD’s status as the world’s reserve currency, which may be under threat with other national governments exploring launching CBDCs.

Read more on Finextra.

 

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