Fed payments innovation conference to feature top crypto and finance leaders

The Federal Reserve’s Payments Innovation Conference on Oct. 21 will bring some of the world’s most powerful voices in global finance and cryptocurrency to a small island off the coast of ￰0￱ the discussions to be had will be talks surrounding how innovation is changing payments and shaping what money looks like in a digital asset age featuring all-star speakers from Wall Street and ￰1￱ who have been confirmed include Cathie Wood founder and CEO of Ark Investment Management; Rob Goldstein Chief Operating Officer at BlackRock Inc.; and Heath Tarbert

Chief Legal Officer at Circle Internet ￰2￱ on the lineup are Alesia Haas Chief Financial Officer at Coinbase; Tim Spence CEO of Fifth Third Bank; and Federal Reserve Governor Christopher ￰3￱ explores convergence of traditional and decentralized finance The conference will centre on the interaction between traditional finance (TradFi) and decentralized finance (DeFi) two previously parallel systems now converging as blockchain and tokenization technologies gain ￰4￱ focus of the conversations will be on new stablecoins applications and business models for payments

as well as the tokenization of financial ￰5￱ Fed has indicated that it’s interested in exploring how digital assets could enhance cross-border payments financial inclusion and real-time ￰6￱ Christopher Waller is likely to emphasize that payment innovation should continue to be led by the private sector and reinforce his previous comments that competition — not regulation alone — will spur the development of safer and faster payment ￰7￱ event also arrives as the Fed is in the process of rolling out FedNow its instant payment platform introduced in ￰8￱ FedNow was conceived for bank-to-bank payments

the upcoming summit may provide a preview of how its use case might expand in a world where money can be tokenized or ￰9￱ and rule makers from industry-leading organizations Representatives from the industry will share their perspectives on striking a balance between innovation and economic ￰10￱ Wood an early champion of Bitcoin and blockchain investments would likely assert that crypto assets have the potential to make global finance more efficient in the long ￰11￱ Goldstein on behalf of the world’s largest asset manager

may focus on institutional tokenized assets and how digital infrastructure can impact portfolio ￰12￱ Tarbert the former Chair of the US CFTC has emerged as a strong voice at the intersection of regulatory bodies and cryptocurrency ￰13￱ involvement is a sign of Circle’s increased importance in digital payments especially with the asset it backs — the USD Coin (USDC) — one of the most widely used stablecoins ￰14￱ Haas of Coinbase will give the crypto exchange’s take on compliance and ￰15￱ the same time

Tim Spence will discuss how traditional banks are responding to digital transformation and real-time payment ￰16￱ Payments Innovation Conference takes place at a moment when US regulators are facing pressure to provide clearer guidance on stablecoins tokenized deposits and digital dollar ￰17￱ anticipate the meeting will be closely monitored for any hints on how the Fed’s approach to integrating crypto into mainstream finance may be ￰18￱ central banks around the world — including those in the European Union and China — are already pushing to develop digital currencies adding pressure on American authorities to weigh in on the issue of where the world is heading with ￰19￱ Fed

which also plans to open the event with public remarks by the central bank’s vice chair has made clear that it will livestream the event to the public in an effort to encourage broader participation and ￰20￱ such a potent mix of voices — from the wilds of crypto to Wall Street boardrooms — assembled the Federal Reserve seems determined to mould not merely how Americans pay for things but also how finance will work in our digital ￰21￱ seen where it ￰22￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.