No doubt, accessing the financial system is a real problem for millions of low-income people in the United States. Because many traditional banks have effectively stopped providing affordable deposit accounts to the poor, viewing them as unprofitable and high-risk customers, switching to digital currencies could potentially allow many disadvantaged people to participate in the financial system. For the broader population, digital technology could also cut the cost of banking services and increase the speed of money transfers, especially across national borders. In Treasury Secretary Janet Yellen’s words, it “could result in faster, safer and cheaper payments.”
Congress cannot fix the problem, those expensive bank fees become tax income for Congress. This is a forty year problem, Congress will not turn on a dime for this. We are in this mess because of ignorance on the part of maxro cons and fraud from Congress. Now we have a full fledged Shay's rebellion.
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