🔥Fed has officially announced that its FedNow Service will soon support cross-border capabilities, marking its first major expansion beyond domestic payments since launching in July 2023. $QNT $GLMR $Q
This upgrade enables approximately 1,700 participating U.S. financial institutions to use the instant payment network to settle the domestic leg of international transactions within seconds.
The move brings instant central-bank settlement directly to the global market. Early adopters are set to begin testing the enhanced messaging formats ahead of wider public access.
This upgrade enables approximately 1,700 participating U.S. financial institutions to use the instant payment network to settle the domestic leg of international transactions within seconds.
The move brings instant central-bank settlement directly to the global market. Early adopters are set to begin testing the enhanced messaging formats ahead of wider public access.
