Title:
Fed partnering with MIT to develop "hypothetical digital currency"
Author:
Paul Best
Published:
Fox Business, 13 August 2020
https://www.foxbusiness.com/money/fed-partnering-with-mit-to-develop-hypothetical-digital-currency
From the article:
The Federal Reserve Bank of Boston is partnering with the Massachusetts Institute of Technology to develop, test, and research a hypothetical digital currency over a two to three year period.
Federal Reserve Board Governor Lael Brainard said that the Fed is investigating whether a central bank digital currency (CBDC) would be safe and efficient for widespread use.