What would be the impact of a US ‘digital dollar’?

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AFP

New York (AFP) – US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how money is moved and used around the world. Before his order results in a virtual greenback, there will be numerous major impacts — and risks — to consider first. Here are some key questions: What form would a digital dollar take?It would still be a dollar issued by the US Federal Reserve central bank, like all US bills and coins used now, but in a digital form that is accessible to everyone, not just financial institutions. Unlike money de…

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