“Christopher J. Waller,” a Federal Reserve governor, emphasized that technological advancements in decentralized finance (DeFi) could complement centralized financial systems.
“Christopher J. Waller,” a Federal Reserve governor, emphasized that technological advancements in decentralized finance (DeFi) could complement centralized financial systems. He noted that DeFi technologies enable asset trading without intermediaries but still stressed the importance of centralized financial markets. Waller also highlighted that distributed ledger technology (DLT) can provide a more efficient and faster way to record transactions in global trade, operating 24/7. Ultimately, he asserted that full decentralization of finance is unlikely, and intermediary services will remain valuable for ordinary individuals.
Source: dailyhodl.com
