The US Federal Reserve's real-time payments system is coming in July, but what about CBDCs and stablecoins?
by funneling commercial bank money from a sender through a Fed credit account to its recipient. It also has built in features such as fraud risk management.— nic carter Following the official launch, the Federal Reserve outlined that it will push to onboard as many as financial institutions as possible in order to increase the availability of instant payments.
"The launch reflects an important milestone in the journey to help financial institutions serve customer needs for instant payments to better support nearly every aspect of our economy," noted Tom Barkin, president of the Federal Reserve Bank of Richmond and FedNow Program executive sponsor, as part of the announcement.The FedNow program however doesn’t use blockchain tech, while theOne of the major banking payment rails servicing U.S.
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