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HomeInvestmentAtlanta Fed explains Web3 finance, including XRP ‘international payment medium’ By Cointelegraph

Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’ By Cointelegraph



The Federal Reserve Bank of Atlanta has piqued the interest of the crypto community with a recent publication in its Policy Hub series on the implications of Web3 for financial services. The 17-page paper by Christine Parlour, a professor at the University of California, Berkeley Haas School of Business, is intended as a basic text and is noteworthy for its completeness.

The paper begins with a discussion of blockchains, explaining that “data are sorted and stored in specific locations called ‘wallets’ or ‘addresses.’” After providing the necessary background, Parlour looks at decentralized finance (DeFi) and financial infrastructure.