“FedNow,” the Federal Reserve’s Upcoming Real-Time Payments System publishedThe list of “early adopters” was certified on June 29. Organizations on the list were certified ready to connect to the platform when it launched in late July. which does not yet have a blockchain network on the list This is despite at least two networks previously announced to be connected to the instant payment system.
The FedNow service stated that some unlisted organizations could be merged at a later date, and Metal Blockchain said it still intends to connect to the platform upon receipt. “Proper bank supporter”
FedNow is a Real-Time Payments service developed by the Federal Reserve Bank. The Federal Reserve claims the service will enable instant interbank transfers in the US, similar to the UK’s Faster Payments and Europe’s Single Euro Payments Area.
Currently, bank transfers within the United States can only be made via ACH or wire transfer. which cannot be paid immediately. FedNow is scheduled to launch in July.
Currently, there are at least two blockchain networks that have announced that they will be “connected” to FedNow at launch. One is Metallicus’ Metal Blockchain, which the Metallicus team stated in May that the network would allow cash conversion. The FedNow official website also listed Metallicus as a “provider” at the time, further evidence that integration was forthcoming.
The listing was deleted a few days after the announcement. On May 15, Twitter user JeffXRP noticeThe strangeness of sudden removal
The list of “service providers” published on June 29 includes ACI Worldwide, ECS Fin, FPS Gold, Open Payment Network, and 11 other payment providers, but neither Metallicus nor Metal Blockchain are on the list.
Metallicus co-founder and CEO Marshall Hayner claims that the company still intends to integrate the Metal Blockchain with FedNow once it has the right bank backing.
“Metallicus is communicating with the Federal Reserve and FedNow Program Administrators, and we are seeking appropriate bank sponsors and remain focused on building out our banking network technology.”
Other blockchain networks that have announced integration with FedNow are Tassat, the creator of the TassatPay service, and the Digital Interbank Network. business-to-business for commercial banks which in March announced that it will connect its digital B2B payment platform to its upcoming FedNow service.
Tassat is registered in “Service Provider” of the FedNow website as of June 30.
However, Tassat was not listed as a certified provider on the June 30 list of “early adopters” in the Federal Reserve’s announcement. Explain that some of the organizations not listed may be future providers.