65.2 F
New York
Friday, May 14, 2021

-

Home Business & Finance Accenture and Digital Dollar Foundation to trial United States CBDC this year

Accenture and Digital Dollar Foundation to trial United States CBDC this year

Document Analysis NLP IA

352
WORDS

WORDS
1:45
Reading Time

Reading Time
neutral
sentiment

Sentiment0.038386613386613
objective
redaction

Subjectivity0.28457930957931
probably it's an affirmation
Affirmation0.42045454545455

Highlights

RELEVANT
FREQ, RAKE or TFIDF
Entity
ORG
Entity
PERSON
Entity
PRODUCT
Entity
OTHER
Key Concepts (and relevance score)

Summary (IA Generated)

Fortune 500 company Accenture has teamed up with Digital Dollar Foundation to conduct Central Bank Digital Currency, or CBDC, trials in the United States.

Announced on Monday, May 3, the newly formed Digital Dollar Project will carry out five CBDC pilot programs over the next 12 months.

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.

What there is not, is any real data and testing from the United States to inform that debate.

”.

However, the Fed is taking a cautious approach as the guardian of the world’s reserve currency, the report added, with chairman Jerome Powell responding that it is far more important to get a digital dollar right than it is to be fast.

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.


131FansLike
3FollowersFollow
16FollowersFollow