Former Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, former LabCFTC Director Daniel Gorfine and investor Charles Giancarlo want to take the dollar digital – and they’re not waiting for the Federal Reserve. The three are forming the Digital Dollar Foundation, working with Accenture to design and push for a potential U.S. central bank digital currency (CBDC). The digital dollar would “meet the demands of the new digital world and a cheaper, faster and more inclusive global financial system,” Giancarlo said.
The wide success recorded by Bitcoin and other digital currencies has led many countries, Organisations and people into considering launching a digital currency to meet up or key into the trend of cryptocurrencies. Blockchain technology and cryptocurrencies have come to stay and the sooner you realize it, the better for you.