Another View: America Could Lead the Transition to a Digital Currency Reserve [The New York Times]
Meta Platforms, Inc. - Class A (FB)
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Source: The New York Times
There are lessons in America’s technological history that should inform future policy relating to digital currencies. More than three decades ago the United States government supported the development of the internet. Doing so unleashed huge economic impact on America that can still be seen today in the successes of the nation’s biggest technology companies. The digital financial revolution that the world is on the cusp of has the potential to be just as significant for job creation and economic development. Blockchain, the underlying technology of cryptocurrencies, could prove to be as important to commerce as email and text messaging were to communications. New financial systems built on it could help connect people around the world who lack access to traditional banking services. And these innovations could be leveraged by developers in much the same way as entrepreneurs built web services on the internet — from eBay to Facebook — with the same enormous impact on the American
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