Digital Currency for Stimulus Checks Can Save Billions

During the Pandemic response, the number of the fiscal and monetary answer has been remarkable. As unemployment proposals highs not viewed since the Great Depression, governments have raced to connect the gap. The IRS has granted out over 159 million stimulus checks, describing $267 billion directly distributed to Americans, As per NBC News.

The payments describe a 1,200 Dollars payout per adult, $2,400 for per married couples, and $500 per child (Under 17) who are under the care of parents. 120 million of these payouts were sent by direct deposit, 4 million by prepaid debit card, and 35 million by check.