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

Plus, theoretically, it could support all purchasing activity such as booking holidays, on-line shopping making thousands of service companies redundant – and their staff. If that’s what you want.