2022 Azbee Awards of Excellence

Category

All Content > News Analysis > Mid Atlantic

Awarded to

Lynne Marek, Senior Editor; Annie Fu, News Graphics Developer; Saied Sartipzadeh, Managing Editor

Entry details

How a digital dollar could create a cashless future — and why one lawmaker is fighting back

Issue or publication date: 11/23/21
Publication name: Payments Dive
Publishing/parent company: Industry Dive
Website home page: https://www.paymentsdive.com/

About the publication's mission and readership:

https://www.paymentsdive.com/about/

Description of the enterprising work that went into this entry and its significance or impact on readers:

Payments Dive senior editor Lynne Marek explains how the U.S. is caught in the throes of a digital payments revolution that casts aside cash and eggs on digital alternatives.

Her article outlines how the seachange has the potential to exclude cash-dependent segments of the population, and deliver multi-billion-dollar gains to entrepreneurs driving the advances.

Meanwhile, the story also outlines the U.S. government’s race to keep up with regulatory implications of the changes, and the key question of whether to create a digital dollar, AKA a central bank digital currency.

With extensive reporting, knowledge of the payments beat and clear writing, Marek explores the twin prospects of a more cashless society and a more digitally-driven U.S. payments system. Through interviews with policymakers, industry analysts and entrepreneurs, she gives a view of how different payment paths are emerging for different people. Working with news graphics designer Annie Fu, Marek highlights how those different experiences will complicate moving ahead with paytech advances.

It’s a worldwide revolution, but the U.S. has more at stake as the longtime keeper of the world’s reserve currency and the largest consumer economy. Marek and Fu, with editorial guidance from managing editor Saied Sartipzadeh, deftly portray a country at a crossroads, with outcomes for its citizens and businesses hanging in the balance.

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Entry URL(s), if applicable:
https://www.paymentsdive.com/news/how-cash-plays-into-a-cbdc-future/610380/

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