Fed mulls ‘skinny’ payment accounts to open rails for fintech, crypto firms
PositiveCryptocurrency

The Federal Reserve is considering the introduction of 'skinny' payment accounts, which could significantly benefit fintech and cryptocurrency firms. This move is seen as a positive step towards resolving the ongoing banking challenges faced by the crypto industry, often referred to as 'Operation Chokepoint 2.0.' By opening up these payment rails, the Fed aims to foster innovation and competition in the financial sector, making it easier for new players to enter the market.
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