Boston Fed’s first look at digital U.S. dollar nearly done, official says

A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoSept 29 (Reuters) – The first phase of a multi-year research project the Boston Federal Reserve is doing with the Massachusetts Institute of Technology on the technology that could be used for a digital dollar is nearly done and could be released over the next month or so, a Boston Fed official said on Wednesday.The initial findings from the Boston Fed research are “basically done” and will include open-sourced code that could serve as a potential model for a central bank digital currency, …
Read more…….