Aaron Klein: The Fed’s payment system is stuck in the past | Macro Musings

2026-2-15 19:20

The Fed's development of new payment systems has been significantly delayed. Payment system improvements by the Fed are often reactive rather than proactive. Current payment systems operate like batch processes, which are outdated. origin »

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payment fed systems system rather reactive often

Èñòî÷íèê: cryptobriefing.com

payment fed → Ðåçóëüòàòîâ: 52


American Express delays payments amid Fed upgrade, Ripple XRP use speculated

American Express has announced a major system upgrade that is currently causing delays in cross-border payments and wire transfers. The move, aimed at aligning its infrastructure with a broader Federal Reserve update, has reignited speculation in crypto circles that Ripple’s blockchain-powered payment technology may soon be integrated into Amex’s systems. The speculation is not new—American […]

2025-7-2 16:59


Op-ed: US banks launch 24/7 Instant Payments – does FedNow reduce risk of CBDCs?

The U. S. Federal Reserve’s (Fed) long-awaited instant payment service, FedNow, is set to launch imminently, promising a significant development in the country’s payment system. As reported by Reuters on July 20, with this service, everyday Americans will soon be able to send and receive funds in real-time, 24/7, a revolutionary stride in the U.

2023-7-20 16:40


Powell says stablecoins are a ‘form of money’ that central banks should supervise

U. S. Federal Reserve Chair Jerome Powell said the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Powell made the statement in response to Congresswoman Maxine Waters asking whether stablecoin issuers should be licensed and regulated by the Fed during a June 21 hearing.

2023-6-21 18:24


Ôîòî:

UltimoPay: Combining The Best Of Crypto and Traditional Banking For The Modern Lifestyle

Are you fed up with expensive transaction fees and outmoded banking practices? Do you place a high emphasis on security and privacy when conducting business? Are you a frequent flier and a fervent shopper seeking a flexible payment method? In particular, have you been looking for a hybrid banking solution that provides an offshore bank […]

2023-4-5 17:13


Why The U.S. Fed Could Give Crypto Banks Access To Legacy Banking System

According to a press release, the U.S. Federal Reserve (Fed) might provide crypto banks and other entities with access to Federal Reserve accounts and payment services. Following two proposals from the Federal Reserve Board in May 2021 and March 2022, the institution has arrived at final guidelines for these purposes. Related Reading: MakerDAO Set To […]

2022-8-16 00:46


“Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official

Dallas Federal Reserve Robert Kaplan said the US central bank could see it eventually issuing its own digital currency, calling it the “last mile” in the digitization of the payment system. “I would imagine in the years ahead — it's something the Fed is actively working on now — and I can see reasons why […] The post “Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official first appeared on BitcoinExchangeGuide.

2021-8-22 17:38


Ôîòî:

Fed Sir: Crypto No Intrins Value, Value is not a store, great for money laundering

In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies could pose a significant risk to the country’s financial stability at their current size. U.S. Representative and vice-chairman of

2018-7-19 17:07


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