FedNow to Open in July

Instant payroll is around the corner. Meanwhile Swiss Bankers want Frank tokens.

Editor’s Note: Today, few know about “atomic” settlement or its advantages such as the elimination of counter party risk and elimination of the “float”. What will happen when these benefits hit the general consciousness? Thanks to FedNow we are about to find out this summer. Insiders at the Fed see payroll as an initial use case for its FedNow rails. We bet workers notice that! If you have news of your own drop us a note at “editors@cefiwire.com”.

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