Odaily Planet Daily reported that Federal Reserve Governor Waller called for embracing the "technology-driven revolution" being driven by artificial intelligence and stablecoins as a way to boost the U.S. economy. "The current technology may be new, but using innovative technology to build new payment services is not a new story," Waller said in a speech prepared for the Wyoming Blockchain Symposium. Waller has previously supported some of the decentralized financial elements he recognized (including technologies that support virtual currencies) as a supplement to traditional payment systems. He emphasized that distributed ledger technology can provide a more efficient and faster way to track asset transfers. On Wednesday, he emphasized the impact of decentralized finance in the payment field, which could be a win-win situation if the private sector cooperates with the Federal Reserve. Waller said that the Federal Reserve is studying the latest wave of innovations, including tokenization, smart contracts and artificial intelligence in the payment field. (Jinshi)
