Fednow payment system. Everything is connected to one end goal. CBDC .

Jess Cheng, former Ripple Legal Counsel, specialized in UCC Article 4A in her role of payments rule making at the core of FedNow.

In the interview below she goes on to explain the relevance of Article 4A to cryptocurrencies today.

UCC article 4A = all FedNow Transfers🧩

Federal Reserve put $XRP as the GLOBAL Digital assets it plans to use for payment transactions within the FedNow Federal Reserve Payment Program.

According to KPMG, 1/3 of banks are expected to miss the March 2025 deadline. Beat the odds with Volante's accelerated adoption program: bit.ly/48UUZzl Speak with a payments expert to learn how you can sprint ahead to compliance success.
#fednow #iso20022

Jess Cheng has an extensive history of writing about the legality of blockchain transactions within the scope of UCC article 4A, which governs FedNow transactions.

Her experience at Ripple gave her the proper knowledge to effectively apply UCC to blockchain transfers 🧩

Erin McCune Partner Bain & Co admitting the US has been lagging India (UPI) or Brazil (Pix) with real time payments. Look at their timeline to adopt real time payments although the US did launch FedNow. The biggest bane (99%) in the US payments ecosystem is: ACH (automated…

The speed and flexibility of the #FedNow ® Service unlocks a world of #instantpayment possibilities. Watch this video for an overview of day-to-day use cases: fedlink.org/xxHk50Ru05m #payments #banking #FederalReserve

#FedNow pricing aimed at avoiding #market #disruption

#financialservices #fintech #banks #banking #payments #digitaltransformation #SeamlessDXB #DubaiFinTechSummit #BackbaseEngage

paymentsdive.com/news/fednow-fe…

People in Bitcoin BTC are unaware of what is going on with FedNow, CBDCs, and Regulated Liability Network.

This would cost as little as $0.045 using FedNow (TODAY). And while that only applies to participating banks within the US, the combination of state based CBDCs Inter…

$PYPL If FedNow was a stock, I'd sell it. They have ambitious goals, but aren't Brazil's Pix.

Signups have been slow as has been mentioned since the launch of the program, and as we posted a couple weeks ago.

x.com/Kross_Roads/st…

Those who perceived the program as a threat…

Do you understand now why FedNow was created?

#America

Fednow 🤝 Blockchain Applications with the use of ISO 20022🎯

FRB、FedNowへの参加金融機関8000社を募集
paymentsdive.com/news/fednow-fe…

昨年7月以来、約700の金融機関がFRBの即時決済ネットワークに接続しており、少なくとも1000以上の金融機関が準備中であるとFedNow関係者が今週述べた。

Not long now until NACHA Smarter Faster Payments! If you're heading to Miami Beach this May 6-9 be sure to stop by booth #716 for a chat with the IR team about we can help you simplify payments complexity. #Payments2024 #FedNow #RealTimePayments #HighValuePayments

Optimism Research Metal Blockchain before it takes off. Banking Partnerships and Upcoming FedNow Integration.

FedNow current status:

• rolled out to ~700 FIs (out of ~10k total)
• ~60% of enabled FIs are 'receive-only'
• Federal Reserve can’t require adoption by FIs
• pricing at parity with RTP by The Clearing House

(via Payments Dive Atlanta Fed)

“Fintech companies could build applications or services that use blockchain within FedNow” 🎯👇

Clear?

‘Crypto, CBDCs and FedNow’ dives deep into the multifaceted world of cashless societies!

Get your copy today and explore the future of money: a.co/d/d83Ya9Q

#CashlessSociety #DigitalFinance #EconomicTrends #DigitalPayments #FinancialLiteracy #CashlessEconomy

Cryptocurrencies are taking the world by storm, but there are some sticky issues beyond US borders. Is crypto the future of finance? Share your comments down below!

Buy now: a.co/d/d83Ya9Q

#UnitedNations #GlobalChallenges #Crypto #CBDC #Peace #FedNow #EconomicAwareness