A specialized task force set up by the U.S. Federal Reserve has received a slew of new proposals outlining how it might utilize technology to speed up services. In total, 16 proposals from various payment providers were submitted to the Faster Payments Task Force, convened by the Federal Reserve in 2015 as a way to channel strategic thinking on how it could update its processes and technology. As outlined in a new report, five submissions incorporated some form of blockchain technology, including filings by companies Eccho, Hub Culture, Kalypton Group, Nanopay Corporation, Ripple, Thought Matrix Consulting and Xalgorithms. But perhaps the most notable published is by Wingcash, which goes as far as to propose that the Federal Reserve issue its own cryptocurrency. The proposal states.