This is not, nor has it ever been a competition. They provide APIs for the banking sector. You should actually look stuff up first before an immediate reaction.
> the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the potential benefits and risks of CBDCs from a variety of angles.
This is a discussion paper open for comments. All US agencies publish those in the federal register regularly: https://www.federalregister.gov/
The third link you linked is also literally a policy brief. Perhaps I shouldn't have said you should 'look stuff up,' but rather 'you should read the stuff you look up too.'
Yeah, the "conspiracy theorists", before this was officially announced, people had the same reaction as yours
Always people with high karma who think they know better than everyone else, it really is hurting this website, prevents any form of critical and interesting discussions, everything gets muted
Please bookmark this thread and check back next year when it'll enter test phase
YC backing Coinbase should be your biggest hint btw ;)
" UNCERTAIN FUTURE OF MONEY
The financial sector is not immune from the technological
changes that are transforming other industries. Digital
currencies are likely to gain wider acceptance during the
next two decades as the number of central bank digital
currencies increase. China’s central bank launched its
digital currency in 2020, and a consortium of central banks,
working in conjunction with the Bank of International Settlements, is exploring foundational principles for sovereign
digital currencies."
This is not, nor has it ever been a competition. They provide APIs for the banking sector. You should actually look stuff up first before an immediate reaction.