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Federal Reserve considers pros and cons of digital currency

Jan 26, 2022
Here's how you'd buy a Mountain Dew and a Slim Jim with digital cash.
Just like cash, the value stored in a digital dollar would be instantly accessible to stores. But are Americans willing to kiss their greenbacks goodbye?
Tamer Soliman/Getty Images

How digital currencies work

May 21, 2021
The Federal Reserve is thinking about a central bank digital currency for the U.S., which would be less volatile than Bitcoin.
The value of cryptocurrencies like Bitcoin fluctuates, but a central bank-backed digital dollar would be worth ... a dollar.
Karen Bleier/AFP via Getty Images