Inclusion of Dropp in FedNow Service Highlights Growing Acceptance of DLT
The US Federal Reserve has added Dropp, a service based on the Hedera Hashgraph (HBAR) technology, to its list of service providers for the FedNow service. FedNow is an initiative launched by the Federal Reserve to offer real-time payment services to financial institutions across the US. This move demonstrates the increasing acceptance of distributed ledger technologies in traditional finance.
Key points:
– FedNow Service aims to provide a robust infrastructure for instant payments
– Dropp offers dual functionality, processing customer credit transfers and handling incoming payments
– Dropp actively facilitates and streamlines real-time transactions by connecting the network through financial institutions
– Hedera Hashgraph offers speed, security, and cost-effectiveness, making it an attractive choice for Dropp
– Following the news, the price of HBAR increased by more than 16%
By
By
By
By
By