Accenture and Digital Dollar Foundation to trial United States CBDC this year
May 4, 2021. Summarized by summa-bot.
Compression ratio: 37.9%. 1 min read.
Accenture and Christopher Giancarlo’s new Digital Dollar Project aims to collect data to inform lawmakers on CBDC.
Fortune 500 company Accenture has teamed up with Digital Dollar Foundation to conduct Central Bank Digital Currency, or CBDC, trials in the United States.
The project’s objective is to generate data to inform U. S. policymakers on how to develop a domestic digital currency.
The Digital Dollar Project will launch three pilot programs in the next two months, generating data on the functional, sociological, and business benefits of a digital greenback.
Al Jazeera reports that former chair of the Commodity Futures Trading Commission and co-founder of the Digital Dollar Foundation, Christopher Giancarlo, emphasized the lack of U. S. data regarding CBDC:
While the U. S. Federal Reserve has been conducting research into the technology and applications for a CBDC, the United States lags behind the digital currency initiatives currently ongoing in numerous other jurisdictions.