The electronic dollar, as defined in the bill, would be a bearer instrument that people could hold on their phone or a card. The system would be token
The electronic dollar, as defined in the bill, would be a bearer instrument that people could hold on their phone or a card. The system would be token-based, not account-based, meaning if someone were to lose their phone or card, they would lose the funds. In other words, it’d be like losing a wallet with dollar bills in it.
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