Happy First Birthday FedNow: But is This a Cause For Celebration?
The Fintech Times
JULY 24, 2024
Even since the introduction of FedNow, it seems its popularity has only grown – as it hit new quarterly high values and volumes. Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management.
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