LIBOR Scandal Turned Blockchain Opportunity! Fed Chair Jerome Powell Endorses Cutting-Edge AMERIBOR!

The Chairman of the Federal Reserve banking system, Jerome Powell, has come out in favor of a blockchain based inter-bank lending rate setting platform to be used by commercial banks.

The implications are major, as it marks a major revision to a critical financial backbone of the legacy financial system, one that adopts the latest distributed ledger technology (DLT) to improve transparency and competition for lending rates between international banks.

Related Links:
https://cryptopotato.com/fed-chair-jerome-powell-endorses-ethereum-backed-reference-rate-project-to-replace-libor/
https://www.theguardian.com/business/2017/jan/18/libor-scandal-the-bankers-who-fixed-the-worlds-most-important-number

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