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

 

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. 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.”

To read more of Jonathan’s thoughts, click here.

Davidoff Hutcher & Citron, LLP

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