FedNow showcases DLT-powered payments system as service provider
The Federal Reserve wrote that it does not support or endorse any showcase providers featured on its website.
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FedNow Service has no relation with CBDCs, Federal Reserve clarifies
The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023.
FedNow “early adopter” list contains no blockchains, but some may integrate later
Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers.
Federal Reserve's FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
Presidential hopefuls RFK Jr. and DeSantis rally against FedNow
The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.
Federal Reserve confirms July launch for FedNow instant payment service
The Fed Now service aims to reduce the gap in payment time between US financial institutions.
Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch
The New York-based fintech said it will provide an API to allow clients to access the new Federal Reserve real-time payment service when it premiers.