Reuters columnist: epidemic impacts or accelerates central bank digital currency

Reuters columnist Mike Dolan said that for the central bank that is now considering digital currency as fiat currency, the coronavirus crisis may come too soon, but financial problems due to health concerns may accelerate its arrival. In an emergency, quickly, fairly and safely transferring government and central bank cash to where it is most needed has always been one of the biggest challenges brought about by this new coronavirus pandemic and the severe recession it has caused. Central Bank Digital Currency (CBDC) can help solve some of these problems. In addition to avoiding the health risks caused by the actual transfer of funds during the virus pandemic, the advantages of turning to CBDC also include the ability of the central bank to quickly inject cash into households and businesses, thereby allowing ultimate tracking and withdrawal of funds, even when taxing Prevent cash hoarders from avoiding bank negative interest rates.