Is the U.S. headed toward a cashless economy through blockchain?

Full Article :

Computerworld -

A former Federal Reserve executive believes it’s only a matter of time before central banks adopt a form of digital currency that could look like bitcoin, and will offer a more convenient and anonymous way for businesses and consumers to buy and sell goods and store wealth.

The advent of a government-backed, peer-to-peer (P2P) digital currency would likely be based on a blockchain-based electronic ledger, and it could signal the beginning of a cashless economy, not unlike what’s occurring today in Sweden. It also may simply complement the modern-day current cash-based system.

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