The U.S. Federal Reserve has announced a conference on payments innovation scheduled for October 21 in Washington, D.C. Experts from banks, businesses, and tech companies will gather for the event.
Date and Location of the Conference
The conference will take place on October 21, 2023, in Washington, D.C., and will be streamed live on the Federal Reserve's website.
Topics of Discussion at the Conference
The conference will cover various topics, including:
- The connection between traditional finance and decentralized finance - Uses of stablecoins in business - The application of artificial intelligence in payments - Converting financial products into digital tokens
Comments from Federal Reserve Officials
Governor Christopher Waller expressed the importance of innovation in payment systems, stating that it is necessary to meet the changing needs of consumers and businesses. He emphasized that the Fed should continue to engage with private companies leading innovation in this area.
> “Innovation has been a constant in payments to meet the changing needs of consumers and businesses,” Waller said.
The Fed's conference is a significant event for the financial community, as a focus on innovation could lead to important changes in payment systems and promote the development of modern technologies in finance.
