EU: Commission considers a digital EU currency

With more and more people using digital tools for their daily transactions, the European Commission on Wednesday presented a proposal to initiate a digital euro.

Digital currencies have been surging in popularity over the last few years as cryptocurrencies like Bitcoin have entered the mainstream. But unlike Bitcoin, the digital euro would be a Central Bank Digital Currency (CBDC), essentialy electronic cash.

The aim would be to give consumers an alternative European-wide payment solution, in addition to the options that exist today, the Commission says.

Read more at : https://www.euronews.com

US Presidential Elections : Joe Biden, the Moderate, Plans the Most Radical Economic Overhaul Since FDR

Joe Biden urged his financial brain trust, and bring back the boldest, most ambitious proposals they'd ever dreamed of to reshape the U.S. economy, with an eye toward making it more fair for all Americans and less easily unhinged by a future crisis like the coronavirus pandemic. Should he unseat Donald Trump in the November election, the challenge before him would be at least on par with what Franklin Delano Roosevelt contended with when he came to power in 1933. Biden wanted FDR-sized solutions.

Read more at: Joe Biden, the Moderate, Plans the Most Radical Economic Overhaul Since FDR