US Fed Governor Waller sees potential In crypto for settlements
Despite the U.S. Securities and Exchange Commission’s (SEC) adamant attitude to accept cryptocurrencies, the US Federal Bank officials continue to voice out positively about the potential of crypto market.
The US Federal Reserve’s FedNow service also addresses the instant payments space, but without the need for blockchain. However, Fed Governor Christopher J. Waller in his latest statement acknowledged that programmable nature and smart contract functionality of cryptocurrencies.
The Fed Governor emphasized on the potential of smart contracts functionality in the financial sector. He also said there could be growth in the smart contracts space with with more currencies, eligible securities, and new products.
Seems to be a wise decision. What do you think?
