This July, the developers of the digital dollar (FedCoin) plan to release their research. FedCoin has the potential to revolutionize how money is used.
The digital dollar can make it harder for banks to profit from the issuance of plastic cards.
Even Visa / MASTERCARD are investigating the possibility of using FedCoin in their networks. The use of plastic cards is expected to decrease.
The US Treasury Secretary said that the introduction of the digital dollar into the masses will make it possible to use banking services for those to whom they were not previously available.
Therefore, we believe that such a statement is an additional impetus for the implementation of FedCoin.
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