Reply to post: Re: Trash talk

America, use Bitcoin instead of old-school money? Not likely, says Fed

MachDiamond Silver badge

Re: Trash talk

"Problem is that if there was a government approved $ stablecoin then why would I need a high st bank?"

The government is going to contract with BofA or Wells to "administer" the program. Half the time when I look to see if I can use plastic on a government site, the transaction is shunted to some bank for processing (which I don't do).

It also means that the politicians that have awarded those contracts can be assured of a nice comfy job in a few years. At least some speaking engagements and consulting if not full time "employment".

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