Exciting news for the crypto world as the Fed announces an October conference on crypto innovations and $BEST goes viral.
The US appears to be doubling down on its new pro-crypto stance in a bid to position itself as the world leader in blockchain finance.
On October 21st, the Federal Reserve will host a conference focusing on stablecoins, decentralized finance, AI, and tokenization.
Fed Governor Christopher Waller released a press release on Wednesday identifying the need to prioritize the cutting edge of financial technologies.
The road to widespread crypto adoption needs policymakers to clear the path, but accessibility for the average user is just as important. Lowering the barrier to entry for Web3 is essential, which is why Best Wallet is such a timely project.
We’ll take a look at how its native token $BEST powers the Best Wallet app. But first, let’s discuss the future of American crypto policy.
FED Spearheads the Digital Payments Discussion
Waller said he’s looking forward to ‘examining the opportunities and challenges of new technologies, bringing together ideas on how to improve the safety and efficiency of payments, and hearing from those helping to shape the future of payments.’
Alt Text: The full press release for the Federal Reserve board announcing a payments innovation conference
How is America Leading in the Crypto Space?
America’s leadership in the cryptocurrency space is a pivot away from the crypto-unfriendly policies of the Biden era, with the Trump administration spearheading the way with strategic policy initiatives. The GENIUS act has clarified the regulatory framework for stablecoins, giving investors confidence to adopt both existing and new stablecoin projects.
The establishment of a Strategic Bitcoin Reserve has also demonstrated the US government’s commitment to $BTC as a long-term store-of-value.
This contrasts with other major economies’ approach to crypto, such as China, which has imposed strict crypto bans, or the UK, which is still stuck in a regulatory quagmire dictated by confusing tax rules.
Crypto is complex enough – simplicity is the key to onboarding more investors into the crypto space. That’s why $BEST is such an exciting token, offering utility within a digital wallet that seeks to break down the barriers to entry for crypto users.
Best Wallet – A Cross-Chain Wallet Built for the Mobile-First Generation
Best Wallet Token ($BEST) is the official token of Best Wallet, a multi-chain, non-custodial crypto wallet that works entirely from your phone.
Built for the needs of the modern crypto user, Best Wallet takes a mobile-first approach to crypto by integrating multiple blockchains and DEXs into an easy-to-use app.
If you want to participate in upcoming altcoin presales, Best Wallet has you covered – there’s an entire built-in marketplace of vetted presales to choose from plus DEX support across multiple chains.
Security is iron-clad, thanks to Fireblocks MPC-CMP, which locks down your crypto login details to keep them from thieves and hackers. Worried about losing your wallet? No problem, Best Wallet lets you back up your wallet to the cloud directly from the app.
- $BEST offers a range of benefits from reduced transaction fees to early access to new presales.
Alt Text: A list of benefits from using $BEST inside the Best Wallet ecosystem.
Caption: $BEST offers a range of benefits from reduced transaction fees to early access to new presales.
The $BEST token helps you get the most out of Best Wallet, including:
- Lowered transaction fees when swapping crypto
- Voting rights on new blockchain support from the Best Wallet DAO
- Early access to exclusive new presale tokens straight from the Upcoming Tokens section
- Additional staking rewards in the staking aggregator
Speaking of rewards, you can nail down some juicy staking APYs while the $BEST token is still in presale. Buying now can net you up to 85% in rewards per annum, but don’t delay – it’s a dynamic presale, so rewards will go down, and the price will go up the longer you wait.
Purchase $BEST today before the presale ends.
How Will the US’s Crypto Leadership Affect the Market?
The US envisions itself becoming a global leader in the crypto space. Part of this involves making it easier for both large corporations and the average user to be able to interact with crypto without getting caught up in red tape.
$BEST looks set to play a key role in lowering the barrier to entry for the average Web3 user. By powering the Best Wallet platform’s broad suite of features, it invites anyone to participate in the decentralized economy.
All crypto products are volatile. Make sure to always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice.
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Source: https://coindoo.com/fed-announces-payment-innovation-conference-best-wallet-token-goes-viral/