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US Federal Reserve’s FEDNow Bolsters Instant Payment System with Hedera’s Dropp Payment Platform



The innovative instant payment system known as FEDNow, which is operated by the Federal Reserve of the United States, has taken another stride in enhancing the efficiency and accessibility of financial transactions.

FEDNow has reinforced the country’s dedication to modernizing the payments landscape by incorporating Hedera’s innovative Dropp payment platform. This represents a significant advancement that has introduced fresh opportunities for streamlined, real-time transactions and reaffirmed FEDNow’s position as an industry leader.

The instant payment system FEDNow, which was designed to provide a quick and secure channel for money transfers, has partnered with the Dropp payment platform offered by Hedera in order to further streamline and enrich the experience of making digital payments.

The Hedera Dropp platform, renowned for its durability and scalability, is poised to usher in a fresh era of instant, borderless payments within the United States.

The integration  of Hedera’s Dropp payment platform into the FEDNow system brings about a synergistic combination of speed, security, and scalability. This ensures that payments can be carried out without any hiccups across a wide range of use cases and business sectors.

The integration has the potential to shape a payment landscape that is both more efficient and more adaptable. This potential extends from transactions between individuals to settlements between businesses.

Read also: Bitstamp to cease trading of Digital Assets Identified by the SEC as Securities for U.S. Users

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