This potential digital dollar would allow the central bank to directly issue the digital currency into end users' wallets using central-bank-facilitated services, citing "quicker and more ubiquitous payments in times of emergency" as a motivating factor.
The President of the Federal Reserve Bank of Cleveland, Loretta Mester, describes the digital cash as "just like the physical currency issued by central banks today" but
"potentially without the anonymity of physical currency."
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