RATE Group | Federal Reserve VP Describes The Limits Cryptocurrency Partnerships
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Federal Reserve VP Describes The Limits Cryptocurrency Partnerships

02 Oct Federal Reserve VP Describes The Limits Cryptocurrency Partnerships

Posted at 01:29h in Cryptocurrency News by

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Federal Reserve Bank of Boston vice-president Jim Cunha on stage with Forbes reporter Michael del Castillo at the Forbes 30 Under 30 Summit in Boston. (October 1, 2018)

Federal Reserve Bank of Boston vice-president Jim Cunha on stage with Forbes reporter Michael del Castillo at the Forbes 30 Under 30 Summit in Boston. (October 1, 2018)Randy Pekich

The Federal Reserve Bank of Boston is just a ten-minute walk from Boston’s City Hall Plaza, where Forbes is hosting its annual 30 Under 30 Summit.

To help kick off the two-day event, Federal Reserve vice president of treasury and financial services Jim Cunha joined cryptocurrency leaders from around the industry to talk about the influence blockchain is having on the way people think about money, and how to make it.

Throughout the course of a 20 minute conversation, Cunha detailed some of the early stage blockchain experiments his team of 200 has undertaken using both ethereum and Hyperledger Fabric. Cunha also explained how the branch of the U.S. central bank interacts with other currency issuers and startups to learn more about how blockchain works.

But the biggest obstacle Cunha says central banks face…

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