So right away, the answer to my headline is “probably not.” The article I’m linking to says language of digital dollars was removed from the final version of the stimulus package. But I think it’s worthwhile to think about.
The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or … an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’
Now may not be the time to introduce entirely new technologies, especially if they slow the release of the package. But I personally like the idea, although I don’t advocate for a completely cashless society as I’ve mentioned before.
Check It Out: Could We See a US Digital Dollar Soon?