Crypto Welcome: Federal Reserve Opens Payment Rails To Digital Asset Firms
PositiveCryptocurrency

The Federal Reserve is taking a significant step towards integrating digital asset firms into the financial system by exploring a new type of account that would allow these non-bank entities to connect directly to its payment system. This initiative, highlighted by Governor Christopher J. Waller at the Payments Innovation Conference, could enhance the efficiency of digital transactions and foster innovation in the financial sector. It matters because it signals a growing acceptance of digital currencies and could reshape how businesses and consumers interact with money.
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