Fed US will release the prototype of the digital dollar in July


In July of this year, the Federal Reserve Bank of Boston will present a prototype of the digital dollar system.

According to Bloomberg, currently representatives of the Fed together with researchers from the Massachusetts Institute of Technology are developing various options for the CBDC processing platform.

According to the head of the James Kuni project, the team will present at least two prototypes of the system for storing, moving and calculating using a digital dollar. It will be unknown whether platforms will work on the basis of a blockchain or other decentralized technology.

Despite the creation of several base options at once, the regulator does not plan to produce the digital equivalent of the dollar. This work is carried out as part of the study of the prospects for the implementation of the new system, since the government has not yet approved its deployment.

Nevertheless, in January, the Chairman of the US Federal Reserve, Jerome Powell, said that 2021 will become significant for the digital dollar, because the authorities will start paying more attention to this area and

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