FedNow’s ‘Early Adopters’ Record Does Not Embrace Blockchain, However Some Could Be Built-in Later

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The Federal Reserve’s upcoming real-time fee system, FedNow, liberated Organizations on the checklist have been licensed as prepared to hook up with the platform when it launches in late July. There are not any blockchain networks on the checklist, regardless of not less than two firms saying that they may connect with on the spot fee techniques.

The FedNow service stated some unlisted organizations could also be merged later, and stated Steel Blockchain intends to hook up with the platform as soon as it will get “the correct financial institution sponsors.”

An inventory of organizations licensed for FedNow providers.Supply: Federal Reserve Service
Steel Blockchain was listed on FedNow’s “Service Supplier Showcase” on Could 11, however has since been eliminated. Supply: FedNow web site (Could 11)
TassatPay was featured within the June thirtieth FedNow Service Supplier Showcase. Supply: FedNow

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