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The Digital Dollar Project

beebee
in Other Investing
The Digital Dollar Project (Project) is a partnership between the Digital Dollar Foundation (Foundation), a not-for-profit organization, and Accenture (NYSE: ACN) to advance the exploration of a central bank digital currency (CBDC)—or a “digital dollar.” The purpose of the Project is to encourage research and public discussion on the potential advantages of a tokenized dollar, convene private sector thought leaders and actors, and propose possible models to support the public sector as it considers development, testing, and adoption of a CBDC. The Project seeks to advance the public interest by future-proofing the dollar for consumers and institutions across both domestic and global economies. Given the US dollar‘s status as the world’s primary reserve currency and exploration of CBDC by other national governments and stakeholder organizations, the Digital Dollar Project sees piloting a US digital dollar across a range of use cases as a critical and prudent initiative for the United States to begin now. The Project views the infrastructure underpinning the US dollar as a critically important public good and believes that upgrading this infrastructure will provide current and future generations enhanced flexibility, optionality, stability, and prosperity.
Digital-Dollar-Project-Whitepaper

Comments

  • LewisBraham
    edited April 2021
    This dovetails well with the Bitcoin discussion.
  • Observant1
    China has been very aggressive in developing a Central Bank Digital Currency (CBDC).
    Its pilot program expanded to 28 major cities in August with plans for additional cities this year.
    China is determined to gain greater acceptance of the renminbi as a global reserve currency.
    Since the US dollar is the world's primary reserve currency, we should view this as a competitive threat and explore/create a CBDC of our own.
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