As early as July 2021, the officials at the Federal Reserve Bank of Boston and MIT would like to have prototypes for a digital dollar. The project is in progress. Bankers feel threatened by this disruptive development, and say that a digital dollar is not needed. MasterCard and Visa are ready to work with it. This electronic alternative to paper bills, whether called a digital dollar or Fedcoin, have not yet been approved by the lawmakers and the US Treasury Department officials. It thus could be years away.