Digital money delivers financial justice.

There are many ways to create digital advantages, and the choices you make when building processes have a huge impact on your users. Congress really needs to decide why digital advantages are needed and what their primary focus should be. Is it fair to improve payments, or are digital benefits helping to create a more equitable and inclusive economy?

Stress at home and the prevention of COVID-19 have led to a long-standing conflict in the U.S. economy, affecting all aspects of health care and childcare for food production and financial support.The diversity of the mix has led to great wealth and a wide range of rich and poor families in the United States, often restricted by race.According to the Pew Research Center, the American average has fallen over the past 50 years and is not the majority.

The distinction between rich and poor is divided between high income, low income and middle class people.Since 1983, the share of high-income households in the United States has increased from 60% to 79% of total assets, while the share of the average household has fallen from 32% to 17%, and the bottom end of income. families have gone from 7% to 4% of households. Almost half of Americans are "Moonlight People".

A recent Fed study found that on average, one in five American workers in March was unemployed, and 40% of them in households were unemployed.In a situation where it is difficult to obtain financial assistance, the government cannot provide emergency assistance under CARES.

Although some new lawmakers have announced several proposals to allow governments to operate digital assets, the focus of these deals is limited to “digital funds,” a means by which American families and businesses can open funds directly from from the Federal Reserve. . . . . Also in the private sector, Facebook modified its first cryptocurrency, Libra, to quell various criticisms from the outside world, ultimately reverting to the not-new social resolution issues.

This description ignores the fact that the development of technology appears to be supporting the current American situation and widening the gap between the rich and the poor.If our goal is to promote greater equity and include the national economy, we need to carefully consider how their design will implement innovations in the real world to really help close this gap in creating digital results.

There is no small difference in the contractual relationship between the bank and the public, and there is also a contract between the financial platform and the public. To consider this fact, these digital benefits must be viewed as public places. Citizens who use the benefits of the digital network must share the ownership and control of the network. The self-regulating concept of financial sharing and the platforms you use will promote community integration with business growth and true happiness, not the social integration that is often seen in technology and finance.

In particular, for nonprofit communities to discover the benefits of digital advantages and see that digital advantages can support the services and products they need, there is a need to create a useful experience-based digital network. of community life. Rather than designing with the thought and data collected, community members can ensure that the design of these networks plays a vital role. Owners can create a digital platform to create product ecosystems that meet real needs.

In addition to governance, community membership allows all participants to share business relationships across the network without the direct connection of people to be good with capital. In other words, it should be noted that the benefits of the digital network are shared or shared by real users, unlike Libra Coin, which is run by a tech company. Retirement and Finance includes Facebok. By putting users above the membership model, revenue and investments can be put into place where it is best for the community, rather than investing in potential customers.

Advances in technology have reduced the cost of creating and managing social networks, leading to greater integration with digital services, which will provide more sustainable financial services. , will function well and adapt to the needs of the community.Late checks and receipts and expensive online money transfers made it unnecessary. People will make money faster and more directly which will also save a lot of time and money working on cash flow.

Now is the time for policy makers to use technology to help the poor and create digital advantages. This process can be done not only to improve payments, but also to create a good digital base for business growth and innovation.