(ETH) – With all the chatter going on concerning a National coin shortage, it shouldn’t be any surprise that a new report is indicating that the United States is edging closer to a “Digital Dollar” according to Forbes. The report stated that the Senate Banking Committee recently held a hearing on the future of the digital dollar and that pressure continues to mount to create a digital currency as China recently began testing its own digital currency – called the DCEP.


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This new currency will reportedly be included in popular applications like WeChat and AliPay. One concern is for the widespread adoption of a digital yuan in emerging markets and in international trade.  The idea of a dollar-backed digital currency gained mainstream media attention last year during the Libra congress hearings, where Facebook introduced a new type of digital unit backed by a basket of currencies and commodities.

Although David Marcus insisted that Libra users will not have to put their trust in Facebook and that Libra was a decentralized currency, regulators weren’t buying it and expressed concern over the long-term threat to the traditional financial system. On July 9, 2019, regulators requested a moratorium on the project. READ MORE

Ricky Scaparo is the pastor and founder of the international ministry End Time Headlines. A ministry that provides resources to equip believers and to inform the discerning of the signs and seasons in which we live. His mission is to inform his readers and viewers of prophetic events and how they are unfolding before our very eyes through news and headlines presented from a prophetic perspective in light of the Holy Bible.

Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its headquarters is located in Jersey City, New Jersey.