Indeed, there are a number of promising avenues that would allow the innovations that appear to be of the greatest interest to households and business—attributes like instant payment capabilities and around-the-clock operations—to be offered using a variety of existing and new technologies without requiring significant tradeoffs in safety and resiliency.
Summary To conclude, our financial stability requires that the payment system be reliable and dependable so that the public can trust it. As a result, there can be a tension between innovation and the need for financial stability in the overall payment system.