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August 13, 2022
Finance Technologies

Trump’s COVID-19 stimulus plan needs to swap checks for digital dollars

President Trump’s plan to issue checks to stimulate the US economy amidst the COVID-19 downturn will see almost every American receive a $1200 pay-out. But how many Americans will fail to cash or even receive those checks? And how can the government ensure the money will be put back into the nation’s economy? A central bank-issued digital dollar could make future crisis stimulus measures significantly more effective, argues R3 CEO David E. Rutter.  The potential for a CBDC to make such disbursements more efficient and effective is multi-faceted. In the midst of a crisis as overwhelming as the COVID-19 pandemic,…
Trump’s COVID-19 stimulus plan needs to swap checks for digital dollars

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