U.S. Lawmakers Look to Digital Dollar to Compete With China - WSJ

A digital dollar could provide a new option to the way consumers pay for products and services. In addition to using a credit or debit card—or Venmo or Apple Pay—individuals would have a digital version of cash on their phones that could be used anywhere, likely through existing financial firms. That could lead to faster, cheaper and safer payments and make paper currency obsolete.

Also privacy and freedom!