🚨🇺🇸 FED
#EXPLORES “PAYMENT ACCOUNT” TO BOOST FINTECH AND
#CRYPTO ACCESS
🔹The U.S. Federal Reserve is considering introducing a “payment account”, a lighter version of its master account, to help digital-asset and fintech firms access payment systems directly.
🔹Proposed by Fed Governor Christopher Waller, the account would exclude interest payments and borrowing privileges, aiming to spur innovation while managing risk.
🔹 The plan could finally open doors for crypto-friendly firms like Coinbase and Circle to integrate with the Fed.
-Axios
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