What is a “digital dollar”? How is it different from existing money that is kept in banks and spent using credit cards/wire transfers?

Question

I have been hearing a lot of buzz about the government introducing a “digital dollar”. But isn’t most money already digital? What would be the big difference in this system?

In: 378

Answer 1

It’s a govt regulated crypto currency so they can manipulate, track, and seize it easier.

They can’t do that with public coins like bitcoin.

The govt hates the idea of not being able to control your spending.