Federal Reserve Waller (Popular Candidate for Chairman): Blockchain Payments Are Not Scary, Smart Contracts and Distributed Ledgers Can Be Used with Confidence
According to BlockBeats news, Federal Reserve Governor and popular candidate for the next chairman Waller expressed strong support for payment technology innovation at a blockchain seminar in Wyoming:
- He stated that payment systems are undergoing a "technology-driven revolution," with technologies like distributed networks driving the upgrade of payment services;
- Using the example of "buying meme coins with stablecoins," he said that the process of cryptocurrency transactions involving "payment-smart contract-distributed ledger" is merely a new technology for transferring assets and recording transactions, which should not be a cause for concern;
- He revealed that the Federal Reserve is researching cutting-edge technologies such as tokenization, smart contracts, and AI in the payment field.
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