US Bank Regulator Sees Potential in Fintech Solutions to Legacy Banking Issues

Fintech solutions are coming into the systems and services of The United States Acting Comptroller of the Currency.

This was confirmed by its executive Brian Brooks in an interview.

The former Chief Legal Officer of Coinbase this improvement is part of his vision to “identify impediments that make it harder for people to get what they want and need.”

Brooks, who has already acquired a green light with banks, said that there could be a possibility birthing a deal between Central Bank Digital Currency (CBDC) issued by private companies yet supported by bank deposits.

This announcement also answered to the predicament of faster payment solutions, with the recent issuing of coronavirus benefit payments given out as “19th-century banking rails”, a term Brooks coined.

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