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the Chinese last month unveiled the worlds first digital currency from a major power currency that would not be printed but would exist only in cyberspace on your phone for example is the Fed working on a digital dollar we are actually evaluating that most major countries are now looking at at the possibility of having a digital currency and really asking the question imagine a government that creates money that has an expiration date and if you dont use it itll disappear thats happening already with the digital Yuan and Americans are rightfully skeptical President Biden issued an executive order to explore the creation of a U.S Central Bank digital currency effectively converting the dollar into a centralized digital currency the Federal Reserve just announced that its about to show us its new digital payment system this year in July this is having a huge ripple effect across the entire internet because the US dollar is in the process of being replaced by a central bank digital c