The Federal Reserve Board announced on Wednesday that it will organize a conference on payment innovation on October 21, 2025. According to the announcement, the Federal Reserve Board will discuss how the best innovation and the payment system to improve with the use of modern technology, including blockchain and artificial intelligence (AI).
Fed -Governor Christopher Waller noted that innovation in the payment system is crucial to meet the changing demand for customers and companies. Waller noted that the conference will contain a discussion about the convergence of traditional and decentralized finances, stablecoins, tokenization of financial products and the intersection of AI and payments.
“I look forward to investigating the opportunities and challenges of new technologies, bringing together ideas about improving safety and efficiency of payments and hearing those who help shape the future of payments,” Waller noted.
Why does the Federal Reserve want to innovate its payment systems?
In the past year, the Federal Reserve has taken strategic steps to enable the mainstream acceptance of blockchain-awarded payment systems. The Federal Reserve has played a crucial role in the implementation of the Crypto agenda of President Donald Trump.
For example, the FED recently withdrew its limiting guidance of supervision of crypto assets by banks. As a result, American banks have been given more freedom to provide crypto-related services.
The Fed wants to help the US dollar to remain the desired global reserve currency in the midst of changing geopolitical circumstances that are fed by the BRICS movement. In particular, the increasing demand for gold has seen its use as a worldwide increase in the reserve, while that of important currencies is falling due to their poor monetary policy, including an infinite amount of money.