Federal Reserve Chairman Jerome Powell has just gave a zoom conference with two of his European counterparts that there is the possibility of Central Bank Digital Currencies. Jerome Powell talked about a possible move to Central Bank Digital Currencies. He said this would be slow but transparent process which would require specific authorization from Congress.
This seems to signal that although it may take years there will be stablecoin versions of current major currencies.
SOURCES – Federal Reserve, CNBC
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.