Friday, December 17, 2021

Top U.S. Tech Firm to Mint Digital Dollars. | 17 December

December 17, 2021

Financial Diary

Here's an important message from one of our colleagues:

Dear Reader,

For decades, every dime, nickel, and dollar of U.S. currency has been controlled by the U.S. Treasury.

But now, for the first time, a new kind of dollar is about to be minted.

Harvard Business Review reports, "soon we won't be wondering if this [new currency] will catch on but whether we're going to miss seeing George Washington's face."

In response, Fidelity has rolled out a whole new division to help its wealthy clients prepare.

And Goldman Sachs admits it "will redefine the way we transact [and] if that sounds incredibly far-reaching, that's because it is."

This is a fascinating and fast-moving story.

For the latest details, click here.

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