YouSaid · the spoken record

Michael Barr

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51

first

2023-11-17

most recent

2023-11-17

sittings or episodes

1

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podcast

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1. “I think it's going well. I think the important thing to remember about take-up is that it's going to take a long time. When we've seen any payments innovation in our economy, it takes a long time for people to get used to the idea, to develop it, to figure out how they're going to use it. But right now what we've done is built the rails. And those rails can be used by the making sector to provide new services to their customers, to households and businesses. Take-up really requires banks to decide that their customers really want the service and then they can innovate on top of it. And that's what we're looking forward to over time.”

   2023-11-17 · Odd Lots · The Fed's Michael Barr on Real-Time Payments and the Basel Endgame · IDENTIFIED FROM THE TRANSCRIPT · source