Federal Reserve Governor Christopher Waller on Wednesday laid out a pro-market vision for modernizing U.S. payments that echoes the Trump administration’s call to “re-privatize” the economy, urging that private firms take the lead on innovation while the Fed focuses on keeping the financial system’s plumbing safe and efficient.
Speaking at the Wyoming Blockchain Symposium, Waller said the payments system is in the midst of a “technology-driven revolution,” with smart contracts, tokenization and distributed ledgers representing new ways to transfer and record ownership. “There is nothing to be afraid of,” he said.
Waller emphasized that…
Read the full article at BREITBART.COM
