Fintech & Ecommerce

‘Crypto Dad’ to launch Digital Dollar Project

The project will focus on digital dollar’s advantages, gather the private sector’s representatives, and propose possible models to public sector support

Crypto Dad

‘Crypto Dad’ to launch Digital Dollar Project. Source: shutterstock.com

Christopher Giancarlo, known as ‘Crypto Dad’ and former Chair of the Commodity Futures Trading Commission (CFTC), announced the launch of the Digital Dollar Project.

The digital 21st century is underserved by an analog reserve currency. A digital dollar would help future-proof the greenback and allow individuals and global enterprises to make payments in dollars irrespective of space and time. We are launching the Digital Dollar Project to catalyze a digital, tokenized US currency that would coexist with other Federal Reserve liabilities and serve as a settlement medium to meet the demands of the new digital world and a cheaper, faster and more inclusive global financial system
Chris Giancarlo, former Chair of the Commodity Futures Trading Commission (CFTC)

Accenture, “as lead architect and technology innovation partner”, is assisting newly-created Digital Dollar Foundation.

The Project aims to explore design options and approaches for creating a digital dollar through a deliberative process. That includes stakeholder meetings, roundtable discussions, and open forums.

SEE ALSO:

Pay Space

6742 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.