Federal Reserve Announces Integration of FedNow With Metal Blockchain for Instant Payment
FedNow, the Federal Reserve's upcoming instant payment system, is set to be integrated with the Metal Blockchain Networ.
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FedNow, the Federal Reserve's upcoming instant payment system, is set to be integrated with the Metal Blockchain Networ.
The Federal reserve has started testing its new instant pay service. Consumers and businesses will be able to use FedNow as early as July.
This week the Federal Reserve reported that its instant payment service, FedNow, will be available for all participating financial institutions to use starting in July 2023.
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Federal Reserve reported instant payment service FedNow will be available for all participating financial institutions to use starting in July 2023. Access to the service will be provided through the Federal Reserve’s FedLine network, serves 10000 financial institutions.