Digital Dollar Could Be Revolutionary But Will Bitcoin Be Impacted?

The digital dollar is a project in collaboration between Accenture and the Digital dollar foundation to explore the real-time use cases of the project. Recently, collaboration proposed as many as 9 distinct programs in order to identify opportunities to test and assess the main features of digital dollars.

The proposal contained the core components of the Digital dollar and also the benefits digital dollars can provide to the underbanked & banked customers, small,medium & multi-national business users and financial market infrastructure players.

The proposal mainly points out the real-time challenges faced by the underbanked and banked customers and also the pilot proposal to solve the challenges.

Some of the major challenges listed were with respect to the smooth and secure peer-to-peer payments and remittances with comparatively low fees.

And with respect to the Business and Financial players, the proposal concentrated on domestic and international payments and transfers and domestic atomis settlement of tokenized cash and securities on ledger. Read More

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