The U.S. government is considering creating digital currency as a substitute for paper money. Payment apps like Apple Pay involve moving traditional money from banks behind the scenes, costing transaction fees. No fees would be charged for digital currency, allowing more people to participate in the electronic marketplace. Some say the new system would keep America competitive with China, too. Digital currency would give the government greater access to information about where and how people spend, however, raising concerns about privacy. Listen to learn more about a new type of money and then debate: Should the U.S. government issue digital currency?
Story Length: 3:21
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