/biz/ - Business & Finance

Anonymous Sat Oct 17 17:41:40 2020 No.23339622 [View]
File: 37 KB, 464x501, 1588394695943.jpg [View same] [iqdb] [saucenao] [google]

>>23339471
>FedNowSM
The Federal Reserve’s FedNow service, which is currently being built, will be an around-the-clock
service whereby payments can be originated, cleared, and settled within seconds. The service is expected to provide clear public benefits in the form of safety, efficiency, and accessibility of instant payments.

>Our goal is to bring FedNow to market as soon as practicably possible. The target release date remains 2023 or 2024, but we will announce a more specific time frame once additional work is completed.

Tick Tock bros

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