FedNow Adds Hedera Hashgraph’s Partner As Service Provider, HBAR Price Soars 15%
The US Federal Reserve’s instant payments system FedNow has added Dropp micropayments platform, build on Hedera Hashgraph, to the list of service providers. Hedera (HBAR) price skyrockets 15% within hours as a result of FedNow now supporting Dropp, which enables micropayments in HBAR, USD, and USDC.
Hedera Hashgraph-Powered Dropp Now Supported on FedNow
Dropp micropayments platform built on Hedera Hashgraph is selected as a service provider by the US Federal Reserve’s instant payments system FedNow. Dropp enables micropayments for small-value transactions in HBAR, USDC, and US dollar.
This means banks and other financial service companies seeking micropayments services can use Hedera’s Dropp platform for real-time payments through FedNow. Also, Hedera now has indirect support from FedNow, making the blockchain gains major support from traditional finance firms.
Hedera is gaining interest amid the growing number of partnerships. Recently, Hyundai and Kia introduced a Hedera-powered system to monitor carbon emissions.
Read More: Goldman Sachs – The Fed to Stop Interest Rate Hikes in September, Will Bitcoin Rally?
Hedera (HBAR) Soars 15%
Hedera (HBAR) price skyrocketed by 15% after the announcement of FedNow supporting the Hedera-powered Dropp micropayments platform. Hedera price soared nearly 25% in a month amid new partnerships.
HBAR price currently trades at $0.064, with a 24-hour low and high of $0.055 and $0.065, respectively. Furthermore, the trading volume has increased by 550% in the last 24 hours, indicating a massive interest among traders.
HBAR has broke multiple resistance levels and jumped to its April high. The price needs to break the resistance level at $0.066 for a further upside move.
Also Read:
- Shiba Inu Burn Rate Spikes Ahead Shibarium, SHIB Price To Rally?
- Bitcoin Price In Range Under 30k, Miner Accumulation, And Impending Bullish Breakout
- Coinbase CEO Reveals App Issues Amid OnchainSummer Campaign
- Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally
- Robinhood Outage Reported by Users, HOOD Stock Drops
- Tom Lee’s BitMine Adds $820M Worth of Ethereum as ETH Rebounds
- Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
