Strategists at Bank of America have said they think a US digital dollar is inevitable, predicting that issuance would probably occur between 2025 and 2030. Photo: Reuters
Digital US dollar edges towards reality as code developed by Boston Fed, MIT exceeds requirements
- A 35-page white paper into two possible codes that could be used to process transactions was released on Thursday
- It concludes the first phase of the multi-year research initiative known as ‘Project Hamilton’ that was announced in August 2020
Strategists at Bank of America have said they think a US digital dollar is inevitable, predicting that issuance would probably occur between 2025 and 2030. Photo: Reuters