is the digital dollar going to happen 
central bank digital currencies cbdcs are digital currencies backed by a government and regulated by its agencies there has been discussion about a digital dollar for several years but it seems unlikely to happen in the u s soon the bottom linedigital money is a major innovation in financial technology it overcomes the issues created by cash and makes payment systems faster and cheaper but it has the attendant dilemmas technology introduces as digital money can be hacked and erode privacy while digital money is still in its early days it will play an important part in the future of finance the comments opinions and analyses expressed on investopedia are for informational purposes online read our warranty and liability disclaimer for more info 