A digital dollar — why, how, and why now

http://feedproxy.google.com/~r/venturebeat/SZYF/~3/mOS147qSh-Y/

Since Facebook’s announcement of its proposed Libra project last summer, monetary authorities worldwide have redoubled their efforts to develop central bank digital currencies (CBDCs). These efforts were underway even before Libra, for very good reasons — Facebook’s announcement simply sped up developments that were inevitable.
The sudden slowdown in productive activity worldwide brought on by the present coronavirus outbreak makes the matter more urgent.  » ….