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This remotely reminds me of European PSD2 - it was also meant to turn banks into utilities, but in the end even web-scraping the online banking was recognised as "providing an API", thus seriously limiting its real world use.

Otherwise this digital dollar is nothing more than a cheap marketing trick to counter the rise of crypto.

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> Otherwise this digital dollar is nothing more than a cheap marketing trick to counter the rise of crypto.

Even if banks continue to exist as they are, there is one meaty impact that a purely digital dollar would create: it would allow the Fed to implement negative interest rates without creating a flight to cash[0]. I'm not sure if that's good or bad thing, but it seems more impactful than branding a bank account "Americoins".

[0] https://scholar.harvard.edu/files/rogoff/files/dealing_with_...

Ah yes, PSD2, the Open Banking initiative that makes it virtually impossible for a regular person to access their own data. Only certified companies can.

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