The US Federal Reserve launches FedNow, its long-awaited real-time payments system that will eventually let individuals and businesses transfer money in seconds
JPMorgan, Wells Fargo, and 33 Banks Onboard Emma Roth / The Verge : The Federal Reserve's 24/7 payment system could deposit your paycheck instantly Paul Hill / Neowin : FedNow Service launches bringing instant payments to the US Ogwu Osaemezu Emmanuel / crypto.news : US Federal Reserve's launches FedNow for instant payments Whitney McDonald / Bank Automation News : FedNow is live — The Federal Reserve's long awaited real-time payments network FedNow launched … Jack Schickler / CoinDesk : Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs Semilore Faleti / Bitcoinist.com : Federal Reserve Finally Launches FedNow, Crypto In Trouble? Temenos : Temenos Completes Certification for Federal Reserve's New Instant Payment Service Joel Frank / Cryptonews : Fed Launches New Instant Payment FedNow Service - Does This Undermine Crypto's Use Case? The Economist : Instant payments finally reach America Joshua Franklin / Financial Times : Federal Reserve launches real-time payments system in first big upgrade since 1970s Godfrey Benjamin / CoinGape : Breaking: US Federal Reserve Officially Launches the FedNow Service Charles Thuo / CoinJournal : Federal Reserve launches ‘FedNow’ instant payment system Associated Press : Will your paycheck in the US be cleared faster now with the launch of FedNow instant payment service for banks? JD Alois / Crowdfund Insider : US Federal Reserve's Instant Payments and Transfers FedNow Goes Live Joshua Ramos / Watcher Guru : JP Morgan and Wells Fargo Among Banks To Use FedNow System Finextra : US instant payment network FedNow goes live Liam ‘Akiba’ Wright / CryptoSlate : Op-ed: US banks launch 24/7 Instant Payments - does FedNow reduce risk of CBDCs? Sohrab Khawas / Coinpedia Fintech News : FedNow Goes Live: Here's Everything You Need to Know About the New Crypto Challenger Livemint : Fed Wants Paychecks to Hit Bank Accounts in a Flash Jai Hamid / Cryptopolitan : FedNow launch imminent: Key details finally revealed Emily Mason / Forbes : Better Late Than Never: Federal Reserve Platform Will Finally Bring Instant Payments To More Banks-And Customers LinkedIn: Brian Gong : The U.S. Federal Reserve has launched a new service that is set to revolutionize the payments landscape. Here are some key points to understand about this change: … Riani Townshend : Years in the making, but excited that FedNow is LIVE as of this morning and bringing the US in line with instant payment money movement capabilities already available in other parts of the world. … Ronak Doshi : US is going through a real-time payments revolution that is expected to bring cost-effective, secured, convenient, and faster payments. … Twitter: Richard Heart / @richardheartwin : #FedNow released today. The pushback against it is crazy to me. Why wouldn't you want them to finishing moving your “money” faster? Did you really enjoy the delays? Rarely do governments make such obvious and useful improvements. Enjoy them when you find them. [image] David Beckworth / @davidbeckworth : The battle of competing real-time payment (RTP) rails in the U.S. begins. The Fed's role in the history of RTP is a bit checkered. It encouraged private investment in RTP until it suddenly changed its mind to build its own RTP. Details on this big policy flip-flop here... James Medlock / @jdcmedlock : Bitcoiners coping and seething over this way past due, totally benign real-time payments system Tim Swanson / @ofnumbers : It's kind of funny seeing the conspiratorial responses. Some Bitcoiners should just google RTP. Central banks in a few dozen countries have rolled out Real-Time Payments (RTP) systems. FedNow, a new RTP, is a socially useful public utility that will lower costs and reduce time. Dan Awrey / @danawrey : I think we all need to put some money on the table here. My prediction: in 5 years, FedNOW payment volumes will represent less than 10% of RTP's and fewer than 10% of community banks will be connected. I hope I'm wrong!! @federalreserve : @federalreserve announces that its new system for instant payments, the FedNow® Service, is now live (1/4): https://www.federalreserve.gov/ ... Bill Gurley / @bgurley : Interested to see if this has the same massive impact to innovation that it has in other countries. Will depend on implementation & if competition drives price to near zero or “regulatory capture” swallows it up (like what kept debit from being disruptive). @redginthemix : This is a huge move by the Fed. Lananh Nguyen / @lananhtnguyen : The Fed is due to imminently launch a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week. By @hannahdlang https://www.reuters.com/... Dave McClure / @davemcclure : #FedNow: more significant than it seems at first glance... real-time payments, immediate settlement, no fees, 24/7/365. #hallelujah Pravin / @ppk007 : The US has finally matched the Indian financial system. Forums: r/Economics : Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live r/technology : Fed launches long-awaited instant payments service, modernizing system r/wallstreetbets : Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live r/CryptoCurrency : Fed launches long-awaited instant payments service, modernizing system r/neoliberal : Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live Msmash / Slashdot : Fed Launches Long-Awaited Instant Payments Service, Modernizing System