11:05-11:25Is cash dying a slow death or a vibrant alternative to payments innovation? Perspectives from the Federal Reserve Board
Today, we can order groceries, stream movies, and even control household appliances with electronic devices that were the stuff of science fiction not too long ago. Expectations of convenience and immediacy are driving innovation in all areas of daily life, including payment systems. Consumers now have a range of options for purchasing goods and services, and financial services firms are evolving to keep pace with demand for real-time payments and banking services. I will explain the US experience and possible effects of payments innovation on cash usage.
Director of Banknotes, Board of Governors of Federal Reserve System, __ United States of America
The Liffey B __ Level 1