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Big Payments Companies Poke at CBDC


After the Federal Reserve issued a long-awaited report on the possibility of its issuing a central bank digital currency, it also asked for input from the public. Card network giant Mastercard, digital pioneer PayPal, mega-processor Fiserv and fintech Stripe are among dozens of companies and organizations that have weighed in, with their comments now publicly available for viewing on the Fed’s web site.

Many companies have taken the opportunity to pitch their expertise in the area and offer assistance to the Fed as they answer the questions the central bank posed in a questionnaire and provide additional input about the prospects for a central bank digital currency, also known as a U.S. digital dollar.