Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit — not very streamlined conduits when Uncle Sam needs to deliver aid speedily so that it’s most effective. The concept of creating “digital dollars” for...
The unemployment check is in the mail … or perhaps it’s even not on its way yet. Bloomberg reported on Tuesday (June 2) that a significant amount of unemployment benefits — roughly a third of them — have yet to be paid out. It seems...
August 21, 2020
Digital dollars are a maybe – but if so, not for a while. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted, the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology […]
June 12, 2020
Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit — not very streamlined conduits when Uncle Sam needs to...
