Atlanta Fed Describes Web3 Finance Together with XRP As “Worldwide Fee Medium”


The Federal Reserve Financial institution of Atlanta has captured the curiosity of the cryptocurrency neighborhood with a latest publication in its Coverage Hub collection on the influence of Web3 on monetary companies. A 17-page paper by Christine Parlor, professor on the College of California, Berkeley Haas Faculty of Enterprise, supposed as a fundamental textual content, is exceptional for its completeness.

paper to start out He describes blockchain, saying that “information is categorized and saved in particular areas known as ‘wallets’ or ‘addresses’.” After offering the mandatory background, Parlor seems to be at decentralized finance (DeFi) and monetary infrastructure.

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