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Federal Reserve Governor Wall Calls for Embracing AI and Stablecoins to Drive Payment Innovation

Summary: According to sources, Federal Reserve Governor Wall is calling for embracing artificial intelligence and stablecoins to drive a 'technology-driven revolution' as a way to boost the US economy. He stated that using innovative technology to create new payment services is not a new story and emphasized that distributed ledger technology can provide a more efficient ...

According to sources, Federal Reserve Governor Wall is calling for embracing artificial intelligence and stablecoins to drive a 'technology-driven revolution' as a way to boost the US economy. He stated that using innovative technology to create new payment services is not a new story and emphasized that distributed ledger technology can provide a more efficient way to track asset transfers. Wall also pointed out the impact of decentralized finance in the payment sector, suggesting that a collaboration between the private sector and the Federal Reserve could lead to a win-win situation.

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