So what's the answer? University of Michigan economist Miles Kimball has developed a theoretical solution to this problem in the form of an electronic currency that would allow the Fed to bring ...

Unlike banknotes or minted coins that have a tangible physical form, cryptocurrencies can only be accessed using computers and other electronic devices. A decentralized currency is a currency not ...

It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Illustration ...

Soon after, US President Biden issued an administrative order to look into electronic currencies… including the possible creation of a central bank digital currency (CBDC) of its own.