FedNow Service, the United States Federal Reserve’s real-time payment project, is testing out blockchain technology.
Tuesday, the Federal Reserve officially launched the FedNow Service Provider Showcase, providing a range of services to help financial institutions and users implement FedNow Services, which will be available in 2023.
At launch, the showcase includes more than 70 profiles and service providers that support instant payments, including a New York-based blockchain company, focused on instant payment solutions, blockchain interoperability and central bank digital currencies (CBDC). The platform is known for being involved in Chinese blockchain projects, including cooperation with Suzhou City Municipal for the city’s development of blockchain Infrastructure.
“We are the only blockchain company selected so far,” Cypherium CEO Sky Guo told Cointelegraph, adding that consumers will be able to use Cypherium’s digital wallet or blockchain technology as part of the FedNow payment project. He also noted that Cypherium’s technology will also enable interoperability with other payment solutions:
Suzhou, alternately romanized as Soochow, is a major prefecture level city in southern Jiangsu province, East China, – and outer suburbs of the two global hubs meet. It is a major economic center and focal point of trade and commerce.
And away we go. Don't forget to try the Moo shu pork
forgot the link - https://flowcryptospace.com/fednow-partners-with-cypherium-first-crypto-instant-payment-set-to-launch-2023/