The United States Federal Reserve Bank recently gave the clearest sign yet that it will develop its own digital currency. The announcement pushed the value of the bitcoin beyond the $10,000 mark up from $7,179 in December 2019.
Federal Reserve Bank Chief Jerome Powell told Congress that the Bank’s view on a digital dollar was overdue considering the fact that Facebook’s Libra came as a “wake-up” call and that the US digital currency could come “fairly quickly.”
