FedNow’s “Early Adopters” Record Does Not Embody Blockchain, However Some Might Be Built-in Later


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

The FedNow service mentioned some unlisted organizations could also be merged later, and mentioned Metallic Blockchain intends to connect with the platform as soon as it has “applicable financial institution sponsors.”

A listing of organizations licensed for FedNow companies.Supply: Federal Reserve Service
Metallic Blockchain was listed on FedNow’s “Service Supplier Showcase” on Might 11, however has since been eliminated. Supply: FedNow web site (Might 11)
TassatPay was featured on the June thirtieth FedNow Service Supplier Showcase. Supply: FedNow

Learn extra on Cointelegraph

See also  Bitcoin bullish reversal: Is $83,500 close by by July?



Please enter your comment!
Please enter your name here