In COVID-19 Stimulus, US Congress Eyes Digital Dollar to Send Aid to the Unbanked
Cointelegraph
Published Mar 23, 2020 06:55PM ET
Updated Mar 23, 2020 08:40PM ET
Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to streamline payments to U.S. citizens outside of the traditional financial system.
A draft of the legislation circulating as of March 23 proposes the creation of digital wallets for U.S. citizens to be maintained by the Federal Reserve within a section entitled “Direct Stimulus Payments for Families.”
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Written By: Cointelegraph
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