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us federal reserve
Regulation News
us federal reserve
Regulation News

US Fed Announces a Real-Time Payment Service, Fednow – Another Libra Effect?

The Federal Reserve Board in the US announced a “new round-the-clock real-time payment and settlement service”, called FedNow. FedNow will be supported in the US to provide a safe and efficient system. The Board of Governors of the Reserve not only decided to introduce a new system but also planned to re-design the existing system.

The Federal Reserve Board in the US announced a “new round-the-clock real-time payment and settlement service”, called FedNow. FedNow will be supported in the US to provide a safe and efficient system. The Board of Governors of the Reserve not only decided to introduce a new system but also planned to re-design the existing system.