In a virtual conference hosted by The New York Times, Treasury Secretary Janet Yellen gave her nod of approval to the idea of "sovereign digital currencies" to solve the riddle of financial inclusion in America. According to recent data, approximately 7.1 million, or 5.4 percent of households, in the United States have no access to a bank
For FinTech Magnates: Digital Dollars for the Poor, Exponential Profits for the Rich
The recent incursion by FinTech companies into the banking sector and Secretary of the Treasury Janet Yellen’s implicit endorsement of a fully digital currency might be the end of banks as we know them.