The Federal Reserve May Get Rid Of Paper Currency

- The Federal Reserve is looking at the pros and cons of introducing a digital dollar.

A report put out by the Fed yesterday didn't reach any conclusions but noted a digital currency would speed up electronic payments while potentially putting stability and fraud protection at risk.

A digital dollar from the Fed would be the Fed's responsibility, taking risk away from commercial banks like with current digital money. The Fed is seeking public comment on the idea. You’ve got 120 days to chime in.

You can do that here.