The FED predicts a change in payment methods
FED Chairman John Williams assured his colleagues that a "fundamental change in money" is coming
John Williams, president and CEO of the New York Federal Reserve, warned the world of the economy in general to prepare for a significant change in the way payments will be made in the future.
The representative of the entity spoke during the opening of a workshop on monetary policies organized between the FED and Columbia University.
Williams highlighted the importance of blockchain technology, and the positive changes it has brought to the world in general, and the benefits it brings to central banks and digital currencies issued by these institutions (CBDC).
The head of the FED also stressed that attention had to be paid to stablecoins backed by liquid and safe assets, which could also bring great changes to the system currently used.
“As central bankers, it is critical that we remain focused on carrying out our responsibilities, while keeping pace with the world around us,” said the CEO.
This series of comments made by William, evidence the importance of new technologies in each of the aspects of the US economy, and international. Based on this, the invitation of the organizations is to make these issues known to the general population much further.
K. Tovar
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Source: Diariobitcoin
