<span style="font-weight: 400">On March 8, 2022, the United States <a href="https://www.cryptoknowmics.com/news/us-federal-reserve-staff-banned-from-trading-bitcoin/">Federal Reserve</a> introduced its real-time payment project and the news of stepping into the blockchain space. The project is called FedNow Service Provider Showcase which will come to life in 2023. Additionally, the platform also includes Chinese blockchain projects.</span>

[embed]https://twitter.com/FRBservices/status/1501301988532768771[/embed]
<h2><span style="font-weight: 400">The objective of the FedNow Project</span></h2>
<span style="font-weight: 400">The project aims to offer financial institutions and users a variety of services, mainly instant payments. The Service Provider project includes more than 50 profiles and service providers. These providers aim to assist in the seamless implementation of the project and support its main feature - instant payments. </span>
<h2><span style="font-weight: 400">FedNow’s Digital Wallet</span></h2>
<span style="font-weight: 400">The only blockchain corporation that features in FedNow Service Provider Showcase is Cypherium. Users can directly use Cypherium digital wallets. In addition to direct payments, Cypherium also features interoperability with alternative payment methods. </span>

Federal Reserve &amp; Chinese Blockchain Move Forth with Real-Time Payment Project, FedNow

United States Federal Reserve introduced, FedNow, its real-time payment project and the news of stepping into the blockchain space.

Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

Federal Reserve & Chinese Blockchain Move Forth with Real-Time Payment Project, FedNow

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