Digital Dollar Considered During the Crisis

The economic stimulus that was just agreed upon ultimately did not include a digital dollar but the idea was in the bill until recently; the idea of rolling out a digital dollar would make sense from a safety point of view with all the social distancing needed; implementing it right now would not be easy and most of the ideas centered around using the postal service to establish IDs for unbanked individuals; “These ideas take advantage of the face that the financial system rests on the payment system,” said Robert Hockett, a law professor at Cornell University, to American Banker. “If you want full financial inclusion, the best way is to offer full payment inclusion.”; the willingness to discuss the idea does show that lawmakers are considering the potential for digital currency solutions and might give private solutions a path forward for the future. American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.