US Fed incorporates DLT for its new service
The Fed has incorporated Dropp, a Hedera-based micropayments platform using DLT technology, into its recently launched FedNow service . FedNow connects financial institutions, businesses, and service providers to bolster digital payments infrastructure. Dropp is expected to facilitate low-fee payments, manage incoming payments, and process diverse customer credit transfers. You might also like: US Fed issues new crypto program for local banks US regulatory landscape intensifies Recent months have seen heightened regulatory scrutiny in the US crypto domain. The Fed introduced the “New Activities Supervision Program” to monitor banks’ crypto activities. Additionally, regulatory giants like the CFTC and the SEC have been targeting major crypto exchanges, including Binance and Coinbase. You might also like: Binance files order against SEC’s ‘fishing expedition’ The Federal Reserve, America’s central banking system, debates the implications o...