TechFlow news, on October 21, at a Federal Reserve conference on crypto payment innovations, Federal Reserve Governor Christopher Waller stated that the Fed will become more proactive in researching and embracing payment innovations. Waller emphasized the Fed's intention to actively participate in this revolution and said the institution must work to understand how best to integrate these innovations with the traditional financial ecosystem. Waller also mentioned that he has asked central bank staff to explore the concept of "payment accounts." He noted a possible prototype could be a "streamlined" master account that would provide access to the Fed's payment systems. The Federal Reserve aims to better understand how to connect traditional finance with decentralized finance, innovative stablecoin use cases, and the tokenization of financial products and services.
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