Federal Reserve's FedNow Service Excludes Blockchain Companies from Instant Payment Solution
07/04 20:35
July 5 (Huobi) - The Federal Reserve's new instant payment solution, FedNow, will allow financial institutions of all sizes in the United States to provide faster payment services, similar to popular payment apps like Venmo and Cash App. The service will remove waiting periods for online payments to clear or checks to process, allowing payers to send funds on the day they are due.
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