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GENIUS Act Clears the Way for Stablecoin-Powered Embedded Finance

Finextra

These dollars may be digital, but they’re private-sector dollars, not Fed-issued coins. That means JP Morgan’s digital dollars can potentially interoperate with the broader crypto ecosystem – from decentralised finance platforms to other banks’ token networks – without needing a special private ledger or bespoke infrastructure.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. In a Thursday (Aug.

Fed
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What’s Fast And Slow And Read All Over?

PYMNTS

One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. His ask, at the time, was nothing more than to meet again once he rustled up some capital and a few like-minded innovators to further flesh out his idea.

Fed
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Community Banks Embrace Faster Payments’ Competitive Edge

PYMNTS

” Despite the Fed’s finding of a high-satisfaction rate with community lenders, these smaller banks face significant competition. As new payment networks and rails emerge, though, including the Federal Reserve’s FedNow service, small banks must onboard these services to remain competitive.