the Federal Reserve A conference is held in October focusing on the improvements of the payment system.
The conference, scheduled for October 21, will explore many aspects Declare Wednesday (September 3).
“Innovation was fixed in payments to meet the changing needs of consumers and companies.” Christopher Wal He said in a press release, adding that he hopes that the conference will include inputs from companies that wish to help form the future of payments.
Other topics to be covered include emerging stablecoin use, business models, product code and financial services.
PYMNTS has been widely written about the rapprochement of artificial intelligence, encryption and niches. For example, we to talk In June with Cut Product strategy and first Vice President Management Rajev Ramashandran About the customer embracing artificial intelligence between B2B companies.
“I think we are standing on the edge of a major transformation,” Ramashandran said during a conversation in June. “What is the next in payments: the secret agents” series. “The artificial intelligence agent is not just a technological trend-it is a rethinking of how decisions, risks and creating value within the financial workflow occur.”
Although the term “Agentic Ai” may seem to be a future or a similar thing to a cold war spy movie, Ramachandran Pymnts told him that he is a The practical solution To the inevitability of old work, making more effort faster and safer, with low human expenses.
“It is not only a matter of automation, it is about the authorization,” he said.
In the aftermath The passage of the law of geniusPYMNTS wrote that Stablecoins can change how international companies reach, store and transport them in dollars, especially in places where confidence and banking services lack.
Currency.com chief executive officer Konstantin Anissimov In an interview in May, Pymnts told “a major transformation in terms of adopting Stablecoin payments driven by uncertainty in political geography.”
“I personally see a Significant increase From small to medium enterprises that use Stablecoin payments because banking bars are more difficult and difficult to use.
The report uses an example of a medium -sized source in the Philippines to purchase electronics components of Taiwan and sell to distributors in Kenya, a deal that includes three currencies, two central banks and at least four brokers.
“Enter Stablecoins”, PYMNTS books. “instead of Guidance through correspondence banks Or relying on volatile forex pairs, companies can condemn the bills in Stablecoins, stability within hours and avoid friction of old -wheel drive bars. “
