---
title: StrongKey Responds to Federal Reserve's Central Bank Digital Currency (CBDC) Publication
description: StrongKey responds to the U.S. Federal Reserve's Central Bank Digital Currency publication's request for comments
---

[StrongKey Blog](https://blog.strongkey.com/blog)

# [StrongKey Responds to Federal Reserve's Central Bank Digital Currency (CBDC) Publication](https://blog.strongkey.com/blog/strongkey-responds-to-fed-cbdc)

 Written by [Cipher Octopus](https://blog.strongkey.com/blog/author/strongkey) | May 24, 2022 10:00:29 PM

In early 2022 the U.S. Federal Reserve ("Fed") published a paper entitled [Money and Payments: The U.S. Dollar in the Age of Digital Transformation](https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf). This paper summarized  payment systems within the U.S. and discussed various digital payment methods, including cryptocurrencies.

It also sought to highlight the potential risks and benefits of a Central Bank Digital Currency (CBDC). Cognizant of the debate around introducing a U.S. CBDC, the Fed invited comments from the public on these topics. For frequently asked questions about CBDC in general, we refer you to the Fed's [web](https://www.federalreserve.gov/cbdc-faqs.htm)[*page*](https://www.federalreserve.gov/cbdc-faqs.htm) explaining them.

Given StrongKey's expertise in the use of applied cryptography for providing solutions to companies in the payments and financial technology industry, our team was eager to prepare a detailed response to the Fed's request. In it, we offer our suggestions to the questions raised by the Fed, including:

- The security & privacy implications of a CBDC
- Alternative ways to achieve the same benefits as CBDC
- CBDC's affect on financial inclusion and stability
- Cross-border considerations

To read StrongKey's response, please download this [letter](https://blog.strongkey.com/hubfs/StrongKey-Comments-Federal-Reserve-CBDC-Paper-Final.pdf) from our CTO to the Digital Innovations team at the Fed. Other public comments received by the Fed can be found [here](https://www.federalreserve.gov/cbdc-public-comments.htm).

As always, email us at [getsecure@strongkey.com](mailto:getsecure@strongkey.com)for more information!

[View full post](https://blog.strongkey.com/blog/strongkey-responds-to-fed-cbdc)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Cipher Octopus"
  },
  "dateModified" : "2022-05-24T22:00:29.901Z",
  "datePublished" : "2022-05-24T22:00:29Z",
  "headline" : "StrongKey Responds to Federal Reserve's Central Bank Digital Currency (CBDC) Publication",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1018,
    "url" : "https://4723359.fs1.hubspotusercontent-na1.net/hubfs/4723359/Screen%20Shot%202022-05-24%20at%2011.05.16%20AM.png",
    "width" : 2030
  },
  "mainEntityOfPage" : "https://blog.strongkey.com/blog/strongkey-responds-to-fed-cbdc",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://cdn2.hubspot.net/hubfs/4723359/Imagery/Logos/OCTO.LightUSB_TM.png",
      "width" : 48.0
    },
    "name" : "StrongKey"
  }
}
```