FedNow is the real-time payment (RTP) network backed by the U.S. Federal Reserve. In August, the service announced its launch is planned for the spring/summer of 2023. Governments from numerous countries around the globe already have an RTP network live, including the U.K., Spain, Hong Kong, China, Brazil, Ghana, Mexico and Sweden, so it’s safe to say the U.S. is arriving late to the party.
Check out how FedNow can change corporate finance. Read the full article on Forbes by Peter Klein here.