Stimulus checks have been dropping into the bank accounts of millions of Americans for the past week or so—with mixed results.
The speed and efficiency of delivery has been a cause for complaint, with many still waiting to receive their stimulus checks amid widespread lockdowns designed to limit the spread of the coronavirus COVID-19.
"The conversation around the digital dollar isn’t going away anytime soon," said Catherine Coley, chief executive of cryptocurrency exchange BinanceUS.
"Although Congress has continued to go back and forth in their inclusion of the term in their legislation, I have no doubt that lawmakers and Americans in general are interested, and it will continue to stay relevant."
Elsewhere, other countries are working on projects similar to the digital dollar. China's digital yuan is in the pipeline and a digital euro is being trialled by France's central bank.
"The impetus for a digital dollar is not because of one country, but rather the need for Americans to compete and interact in the new ‘cryptosphere’ of money and value, which is global," Coley added.
This could be different if there are more stimulus checks sent out in the future, however.
Read the full article on Forbes: