Markets Insider: Global Financial Giants and the New York Fed are Rolling Out a Digital Dollar Test Run

Article by Brian Evans in Markets Insider

Some of the biggest players in the financial industry are launching a digital dollar pilot program while the crypto sector reels from FTX's collapse. 

About a dozen global giants, including Citigroup, HSBC, Mastercard and Wells Fargo, announced plans on Tuesday to test use of a digital token for 12 weeks in conjunction with the Federal Reserve Bank of New York, with the intention of examining how effective a digital currency is in speeding up payments.

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