Fed's Williams: "blockchain technology could lower costs"
|San Francisco Federal Reserve President John Williams, noted, "blockchain technology could lower costs while making record keeping easier and more efficient."
Key Highlights:
•During his speech at Boise State University, Fed's Williams noted how people increasingly understand that bitcoin won't replace government-issued currencies like the US dollar.
•Back in December, the Fed published a paper examining how blockchain technology could be applied in the financial industry. Fed Chairwoman Janet Yellen had echoed that blockchain could have a significant impact on the payments system.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.