McCollum Speaks to FinTech Times on Benefits of a US CBDC
November 16, 2022 – Jonathan McCollum, Federal Government Relations Chair was interviewed by The FinTech Times for their article “Digital Dollar: All There is to Know With Industry Views From Anchorage Digital, Verto, and More“.
The Fintech Times took an in-depth look at:
- what makes digital currencies so popular
- the emerging alternatives to cryptos and why the digital future looks so intriguing
- Central Bank Digital Currencies (CBDCs) and the progress of the US’ so-called digital dollar
There is pressure to provide a digital version of notes and coins as a public good, to maximize the benefits of the digital revolution while mitigating its risks. The advent of a digital dollar will do just that.”
Jonathan discussed the positives that a digital dollar could bring to the US sharing that “the COVID-19 pandemic accelerated the rapid advance of digitalization and precipitated a declining use of cash that is compelling central banks to innovate in order to simply keep up.
