The digital currency craze started with at least one anonymous Bitcoin founder and a community of futuristic, tech-savvy investors willing to take a bet on a new form of money. But over the past decade, the world of digital currency has coined a host of new types of online cash. In fact, Central Banks in more than 80 countries have, or are in the process of gearing their monetary systems in that direction. They consider them a means of modernizing and serving as a check against the growth of crypto. In China, an estimated 140 million people have already begun using the new digital yuan, which accounts for nearly $10 billion worth of transactions. In that context, does the world's reserve currency -- the U.S. dollar -- need its own version? Those who are argue “yes” say it is a fundamental step to remain competitive; to ensure the dollar remains in its preferred global standing. A digital dollar, they argue, would also create a new ease of exchange, reduce delays in processing times, and help the underbanked Americans into the digital economy. Those who argue “no” point to the risks of failure, hackings, and privacy breaches, which includes widespread government tracking of transactions, and could allow for unprecedented federal access to personal banks accounts. Against this backdrop, we ask: Does America Need a Digital Dollar?
Arguing "Yes" is Gillian Tett, Editor-at-large, Financial Times
Arguing "No" is Dante Disparte, Head of Global Policy at Circle
Emmy award-winning journalist John Donvan moderates
Learn more about your ad choices. Visit megaphone.fm/adchoices
#106 - Is Obama's Iran Deal Good For America?
Bonus Podcast: Too Many Kids Go To College
#105 - Is Smart Technology Making Us Dumb?
#104 - Should We Abolish the Death Penalty?
#103 - Has The President Exceeded His Authority By Waging War Without Congress?
#102 - Should The U.S. Adopt The Right To Be Forgotten Online?
#101 - Are Liberals Stifling Intellectual Diversity?
#100 - Should The World Bet On America?
Tribute To David Carr
#99 - Is Amazon The Reader's Friend?
Retrospective On The Freedom Of Speech
#98 - Should We Genetically Modify Food?
#97 - Should We Legalize Assisted Suicide?
#96 - Does Income Inequality Impair The American Dream?
#95 - Mass Collection Of U.S. Phone Records Violates The Fourth Amendment
#94 - Will Flexing America's Muscles In The Middle East Make Things Worse?
#93 - Should We Embrace The Common Core?
Retrospective On Hamas And Israel
#92 - Is There A Constitutional Right To Unlimited Spending On Political Speech?
#91 - Is Death Final?
Create your
podcast in
minutes
It is Free
In the Great Khan’s Tent
Visualize Meditations
The No-Frills Teacher Podcast
The Jordan B. Peterson Podcast
The Mel Robbins Podcast