US Federal Reserve Official Says He's Interested in Bitcoin Technology
A representative of the US Federal Reserve spoke out about bitcoin today at a town hall meeting at North Dakota State University, Reuters reports. Addressing the audience, Minneapolis Federal Reserve Bank President Narayana Kocherlakota indicated he is interested in bitcoin's underlying technology, but not its use as a currency. Kocherlakota also responded to the suggestion that bitcoin could ever become a legitimate competitor to the US dollar, stating: "That's where I think the interest of it is, myself, as opposed to a new currency that's going to drive the US dollar out of....
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It's not every day that you hear about a high-level official at the United States Federal Reserve speak of bitcoin. After all, they do have other things like the U. S. dollar to worry about. But the 12th President of the U. S. Federal Reserve Bank of Minneapolis Narayana Kocherlakota expressed interest in the digital currency whilst speaking at a town hall that took place at North Dakota State University, reports Reuters. Kocherlakota views the bitcoin technology as interesting, but doesn't exactly feel the same way when it comes to its use as a currency. Mr. Kocherlakota reportedly....