Hedera Hashgraph’s HBAR Token Surges 15% Following FedNow Integration
The price of Hedera Hashgraph’s HBAR token has increased by over 15% after the U.S. Federal Reserve’s instant payments platform, FedNow, added the Hedera-based micropayments platform, Dropp, as a service provider. Dropp allows merchants to accept small-value purchases digitally without large transaction fees, offering an alternative to credit card payments. The platform supports micropayments in HBAR, the U.S. dollar, and Circle’s USDC. This recent surge brings HBAR’s overall increase to nearly 50% since mid-June, with a market cap exceeding $2.1 billion.
Key Points:
– FedNow integrated Dropp, a Hedera-based micropayments platform, which has caused a 15% surge in HBAR token price.
– Dropp allows merchants to accept small-value purchases without high transaction fees and supports HBAR, USD, and USDC.
– HBAR has experienced a 50% increase in value since mid-June, with a market cap of over $2.1 billion.
– Hedera Hashgraph’s unique blockchain structure, utilizing hashgraph consensus, enables 10,000+ transactions per second and low-latency finality in seconds.
– Hadera’s average daily active accounts have grown 288% year-to-date, driven by NFTs and the game Karateka.
Hedera has been making significant developments, including integration with FreshSupplyCo and a stablecoin remittance proof-of-concept pilot with Shinhan Bank in South Korea.
Hot Take: The addition of Dropp to FedNow’s service provider list has had a positive impact on HBAR’s value, demonstrating the utility and potential of Hedera Hashgraph’s micropayments platform. With its unique blockchain structure and growing adoption in various industries, Hedera Hashgraph shows promise for future growth and innovation in the cryptocurrency space.
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