FedNow could outcompete almost every crypto project in existence
The launch of FedNow, which will offer 24/7 payments, means many crypto projects may need to rethink their differentiated value propositions.
Cryptocurrency news by Protos · Protos
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Show Notes
In July, the US federal reserve will finally release FedNow, its very own payment system that it says might just outperform virtually all digital assets, including stablecoins and the planned digital dollar.
FedNow says it will make USD settlements between financial institutions faster and cheaper while staying up and running 24/7. It also claims superior scaling, intraday finality, and vastly improved traditional interbank settlement systems like FedWire or ACH systems.
Put simply, FedNow might completely replace the need for a US central bank digital currency. You can find out exactly how FedNow plans to outdo the digital dollar along with almost every other digital asset by listening to the article above.
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