Bank of Canada

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  • The Bank of Canada building is pictured in Ottawa June 1, 2010. The Bank of Canada raised its key interest rate on Tuesday from emergency low levels, but said the European debt crisis made its next move highly unpredictable.  REUTERS/Chris Wattie     (CANADA - Tags: BUSINESS POLITICS)

    Bank of Canada asks for public feedback about a national digital currency

    by 
    Will Shanklin
    Will Shanklin
    05.08.2023

    The Bank of Canada wants the public’s opinions on a potential digital Canadian dollar. Although the country’s central bank says a national digital currency isn’t yet needed, it wants to remain flexible and ready if that ever changes.

  • Kim Hong-Ji / Reuters

    America’s cash-free future is just around the corner

    by 
    Andrew Tarantola
    Andrew Tarantola
    10.06.2017

    Shake Shack's next burger joint at Astor Place in NYC doesn't want your money -- at least not the physical variety. In an effort to reduce the "friction time" between paying for your meal and eating it, the company plans to replace human cashiers for automated kiosks which won't accept actual bills and coins, only cards. This move is part of a global trend away from cash-based economies and towards Star Wars-style credits. But could such a monetary revolution actually benefit all Americans? Don't bet on it.