Blockchain has More Potential than Bitcoin, Says Minneapolis Fed Head

The president of the Minneapolis Federal Reserve Bank has opined that blockchain, not bitcoin, has more potential for adoption in the future. The central banker also took aim at bitcoin and other digital currencies.

Neel Kashkari, an American banker and politician who is also the president and CEO  of the Federal Reserve Bank of Minneapolis was speaking at the Minnesota High Tech Association’s Spring Conference when he was asked about digital currencies by an audience member.

“From the Fed Reserve point of view, where do you see the [digital currencies] movement going? Are we going to embrace bitcoin or blockchain?”

In response, Kashkari first responded in stating that the Federal Reserve is keeping a keen eye on developments in the space.

This is a topic that a lot of people across the Fed are paying a lot of attention and watching how it evolves. I think the sentiment has shifted in the markets, in the Fed. I would say I think conventional wisdom now is that blockchain and the underlying technology is probably more interesting and has more

Read more ... source: CryptoCoinsNews

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