Coronavirus Bill May Include Digital “Crypto Style” Dollars

The coronavirus stimulus bill may include digital dollars that are stored in digital wallets as part of the relief.

It is unclear on the exact technology or logic, but it makes sense in that they could be used simply without having to be sent and would not be able to be converted into paper money directly, thus ensuring the money went into the economy and not under a mattress or traded on the street.

Learn more from the Wall Street Journal’s “Fed Digital Dollars Are Part of Debate Over Coronavirus Stimulus.”

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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