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The Fed Just Launched the Digital Dollar

Avi007
Avi007 - 172 Views
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172 Views
Published on 17 Nov 2022 / In Technology

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The Federal Reserve is launching a pilot program of the brand new central bank digital currency in conjunction with 12 major banks!

Banks like BNY Mellon, Citi, U.S. Bank, Wells Fargo, and a few others. They are all working together on a 12-week pilot program for the new digital dollar.

This program is spearheaded by the New York Fed's Innovation Center here, and the New York Fed's Innovation Center is the one that has been researching central bank digital currencies for a while now and periodically makes speeches about what they found and what they're looking at, saying

"Hey, we need Congress to do stuff about this. "We want Congress to legislate it, but it looks like they are taking a giant step forward.

And it is no coincidence that this is happening right in the midst of the most epic Ponzi scheme collapse in cryptocurrency failure probably in history up to this point and probably in the future as well, with FTX collapsing right now.

Timecodes
0:00 Federal Reserve Releasing a CBDC 12 Week Program
2:48 Exploring Interoperable Networks on Distributed Ledgers
4:55 Testing Distributed Ledger Technology
8:47 How Dangerous This New CBDC Is

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#FedNow #DigitalDollar #FTXCrash

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