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The payments landscape for community banks is changing rapidly as traditional payments converge with new instant payment systems and emerging cryptocurrencies. It is critical for Community Banks to maintain awareness of developments in the payments space to assess new opportunities, mitigate risks, and ensure that their payment strategy aligns with overall business plans.
Feb. 17, 2022
A new ICBA blog post spotlights the key community banker takeaways of recent Federal Reserve reports on the possibility of a future U.S. central bank digital currency.
Details: The post from ICBA Vice President of Emerging Payments and Technology Policy Nasreen Quibria covers the Fed Board’s discussion paper on CBDC policy implications and the Boston Fed’s research on implementation.
Quote: “ICBA welcomes this broad array of discourse, which includes the voice of community banks in the discussion,” Quibria says. Read the post.