Digital dollar project releases white paper describing the prototype of the central bank ’s digital currency

[Digital dollar project releases white paper describing the prototype of the central bank ’s digital currency] According to Cointelegraph, the “Digital Dollar Project” released a white paper on May 28 local time in the United States. The 30-page white paper details the potential applications of the US central bank’s digital currency and the follow-up work of think tanks to promote the development of the digital dollar. It is reported that the Digital Dollar Project is a cooperative project between the non-profit organization Digital Dollar Foundation and Accenture Consulting, which aims to promote the exploration of the central bank’s digital currency or “digital dollar.” Daniel Gorfine, head of the CFTC Financial Technology Office, one of the co-founders of the project, said that the white paper is a key step in the development of the digital dollar project, which describes the embryonic form of the central bank ’s digital currency, that is, the digital dollar will work with traditional financial institutions, including cash and The existing dollar payment mechanism including automatic clearing technology operates together.

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