Metallicus acquires fintech operator connected to 70 credit unions
[Dec 20 6:53 PM] The acquisition brings Metal Blockchain solutions to Bonifii’s portfolio of credit unions.
1 / 1 Relevant items tagged with #FedNow
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Metallicus secures FedNow transaction certification
[Oct 22 8:33 PM] The partnership was originally announced in mid-2023 ahead of the launch of FedNow.
Atlantic Council: Belief That Dollar Does Not Need to Innovate Is a ‘Miscalculation’
[Jan 29 1:00 AM] The U.S. Federal Reserve is lagging behind its peers like the Bank of China in terms of the resources and manpower dedicated to developing a central bank digital currency. According to a blog post, the belief that the dollar does not need to…
FedNow's Impact on Your Financial Freedom: What You Need to Know
[Nov 6, 2023 12:10 PM] Last week, the Federal Reserve sent Bitcoin Magazine a cease and desist letter in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service. The central bank of the United States is claiming that…
Bitcoin Magazine Clashes With Federal Reserve Over Satirical ‘Fednow’ Merchandise
[Nov 3, 2023 2:30 PM] According to Bitcoin Magazine, a media outlet dedicated to bitcoin news launched in 2012, representatives, including legal counsel, from the U.S. Federal Reserve have expressed concerns regarding the publication’s satirical Fednow…
Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts
[Nov 3, 2023 12:17 PM] Crypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” t-shirts, hats, and other items.
Federal Reserve Threatens to Sue Bitcoin Magazine
[Nov 3, 2023 7:30 AM] The U.S. Federal Reserve is taking legal action against Bitcoin Magazine in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service.In a letter sent to the publication by the Federal Reserve Bank of…
Ideal Banking
[Sep 21, 2023 4:00 PM] This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now.A PDF pamphlet of this article is available for download.“The special commodity or medium that we call money has a long and interesting history. And
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
[Sep 8, 2023 7:57 AM] The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
[Aug 15, 2023 5:30 PM] Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of…
FedNow showcases DLT-powered payments system as service provider
[Aug 14, 2023 6:24 AM] The Federal Reserve wrote that it does not support or endorse any showcase providers featured on its website.
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar
[Jul 21, 2023 11:58 AM] The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital…
Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard
[Jul 20, 2023 5:30 PM] The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions…
Federal Reserve Officially Launches Instant Payments System FedNow
[Jul 20, 2023 10:00 AM] In an announcement Thursday morning, the Federal Reserve unveiled that its instant payment system, the FedNow
Service, has officially gone live. This tool aims to empower banks and credit unions of all sizes to facilitate instantaneous money…
Service, has officially gone live. This tool aims to empower banks and credit unions of all sizes to facilitate instantaneous money… Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs
[Jul 20, 2023 8:36 AM] Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
[Jul 4, 2023 11:30 PM] Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for…
Federal Reserve Certifies 57 Organizations For Instant Payments System ‘FedNow’
[Jul 4, 2023 1:00 PM] The United States Federal Reserve has made a significant announcement regarding the certification of 57 organizations, including financial institutions and service providers, for the highly anticipated launch of the FedNow Service. With major…
FedNow “early adopter” list contains no blockchains, but some may integrate later
[Jun 30, 2023 4:30 PM] Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers.
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
[Jun 30, 2023 2:30 PM] In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central…
Privacy should be considered in ‘potential retail CBDC’ — Treasury official
[Jun 13, 2023 10:12 PM] U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
[Apr 16, 2023 1:30 PM] During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview…
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
[Apr 11, 2023 8:00 AM] On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against…
Presidential hopefuls RFK Jr. and Ron DeSantis rail against FedNow
[Apr 10, 2023 10:06 PM] The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
[Apr 9, 2023 7:34 AM] The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is…
Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny
[Apr 7, 2023 6:30 PM] Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned…
Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
[Mar 22, 2023 11:30 AM] According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is…
‘Crypto FUD’ — Industry outraged as White House report slams crypto
[Mar 21, 2023 11:26 PM] The report included 35 pages seemingly aimed at debunking the merits of crypto assets.
US Fed To Launch FedNow In July, Countering Ripple?
[Mar 16, 2023 4:40 AM] The United States Federal Reserve (Fed) will launch the FedNow service in July 2023, according to an announcement on March 15. FedNow Launching In July FedNow is a service that allows banks to transfer funds speedily across the broader financial…
Federal Reserve confirms July launch for FedNow instant payment service
[Mar 15, 2023 9:08 PM] The Fed Now service aims to reduce the gap in payment time between US financial institutions.