Not good enough that private entities can swindle people out of their money? The US Government feels left out somehow, and if anyone is going to steal money from Americans it should be the US Government?
The pilot program apparently originated with nine US financial institutions not with the NY Federal Reserve Bank. Just a guess but it looks like you read the title of the linked story without actually reading the article itself.
I have to say that most dollars I deal with are digital already. Pay check goes digitally to the bank. I pay for 90% of stuff with a credit card digitally.
