“We urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service,” said Ken Montgomery, the chief operating officer at the Federal Reserve Bank of Boston, who has been working on the new system he said will offer a “modern instant payment solution.”
Related posts
-
U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support
“We need rules of the road,” said Rep. Josh Gottheimer (D-N.J.), one of the Democrats who... -
SEC’s Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?
The SEC’s sister agency in policing the U.S. markets, the Commodity Futures and Trading Commission (CFTC),... -
U.S. House Set to Vote for First Standalone Crypto Market Structure Bill
“The industry has superficially recovered this year, in part due to controversial approval of spot BTC...