US Democrats Want to Create a Digital Dollar to Withstand the COVID-19 Crisis – Coin Idol

Mar 26, 2020 at 10:44 // News

Digital dollar might help battle coronavirus

Recently, the US Democrats in the house of Representatives proposed two bills both leading to the creation of a digital version of the USD. The Dems say the bill is meant to empower personal income during the raging COVID-19 Crisis.

The bills were named the Take Responsibility for Workers and Families Act and the Financial Protection and Assistance for America’s Consumers, States, Businesses and Vulnerable Populations Act. They would allow the Federal Reserve to adopt a digital Dollar system and a digital wallet to deliver payments to citizens. The bills proposed a payment grant of $1000 to every minor and up to $2000 to every adult American.

As the coronavirus pandemic continues to rage havoc on the global economies, millions of
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