New York Fed And 12 Banking Giants Launch Digital Dollar Test After FTX Lost BILLIONS

Digital dollars are now here, and the Centralized Bank of  New York, the nation’s financial center, is pushing for it as a soothing tactic for people who may have lost their fortunes in crypto dollars. A group of major banks and the Federal Reserve Bank of New York have started to test the use of digital tokens representing digital dollars to improve how central bank money is settled between institutions. Citigroup (C), HSBC (HSBC), BNY Mellon (BK) and Wells Fargo (WFC) are among the banks taking part, along with payments giant Mastercard (MA), the New York Fed announced Tuesday. “The 12-week … Continue reading New York Fed And 12 Banking Giants Launch Digital Dollar Test After FTX Lost BILLIONS