Digital dollar to rival bitcoin?

A visual representation of the digital cryptocurrency bitcoin at the Bitcoin Change shop in the Israeli city of Tel Aviv. As the coronavirus pandemic has caused a surge in online payments, some central banks are mulling over virtual currencies to riv
A visual representation of the digital cryptocurrency bitcoin at the Bitcoin Change shop in the Israeli city of Tel Aviv. As the coronavirus pandemic has caused a surge in online payments, some central banks are mulling over virtual currencies to rival cryptocurrencies like the bitcoin.PHOTO: AGENCE FRANCE-PRESSE

Digital euros, yuan and dollars?

Faced with increased popularity for the cryptocurrency bitcoin, as well as for online payments during the pandemic, central banks are exploring new units of their own.

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A version of this article appeared in the print edition of The Sunday Times on May 02, 2021, with the headline 'Digital dollar to rival bitcoin?'. Subscribe