Fiat
Digital Currency is Coming to a Country Near All of Us
A Hitchhiker’s View of the Digital Currency Threat The inevitability of a centralized, digital monetary system was all but made certain when Bitcoin and other cryptocurrencies came into being. What seemed like innovation to rescue us from the poorly managed policies and control mechanisms our current monetary systems/governments are infamous for, has put us all…
Read MoreReserve Bank of India to run digital currency trial
The Reserve Bank of India is looking at running a trial of a central bank digital currency. It is consulting with state-controlled banks and fintechs such as FIS on the project, according to a report by Coin Telegraph. “FIS has had various engagements with the RBI […] and, of course, our connected ecosystem could be extended to…
Read MoreFed Governor Touts FedNow as Alternative to CBDC
The Fed’s upcoming payment service fulfills many of the same purposes as a CDBC. Key Takeaways Governor Michelle Bowman said today that the Federal Reserve’s FedNow service could be ready by mid-2023. She suggested that the payments service addresses the need for a central bank digital currency (CDBC). She also said that the Federal Reserve…
Read MoreDetermining How Today’s Inflation Impacts Your Retirement Ongoing Needs Tomorrow
With prices rising at a record rate, many retirees or people planning to retire soon may be increasingly worried about what sort of lifestyle they can afford. The good news is that the headline inflation number of 9.1% from the Bureau of Labor Statistics represents an average rise in consumer prices. Your own inflation rate may be different…
Read MoreThe Federal Reserve Bank of Boston and Massachusetts Institute of Technology release technological research on a central bank digital currency
The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology today released the findings of their initial technological research into a central bank digital currency, or CBDC. The published research describes a theoretical high-performance and resilient transaction processor for a CBDC that was developed using open-source research software, OpenCBDC. This collaborative effort, known…
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