Recommendation 10: Continue research and analysis on emerging technologies.
The Faster Payments Task Force calls for continued research and analysis of a range of applicable emerging technologies used for faster payments, including digital currencies and distributed ledger technologies.
The task force believes that new technologies have the potential to change the payments landscape. As such, it is important to deepen understanding of the risks they may pose, as well as the potential they may offer, particularly with regard to enhancing security and/or meeting largely unmet needs in cross–border transactions and among underserved end users. The task force calls for continued research and analysis of emerging technologies and their impact on the faster payments system and the marketplace.
A research group within the governance framework (see Recommendation 1).
The task force recommends the research commence after the governance framework is established, with timelines to be set by a body within the governance framework.