Federal Reserve Bank of America Partners with Ripple for Real-Time Settlement Platform
TL;DR Summary
The Federal Reserve Bank of America is rumored to be working with Ripple following some comments by Jerome Powell. The Federal Reserve’s upcoming instant payment service, FedNow, will launch in the coming month with several financial institutions onboarded already Ripple partners. While the establishment of FedNow bars the adoption of blockchain-based solutions like Ripple, a potential partnership that drives the adoption of Ripple’s technology aside, would drive XRP above its previous ATH of 3.80.
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