Everything you need to know about the launch of FedNow
· This month, the US Federal Reserve is launching FedNow, a new interbank clearing and settlement service that facilitates instant payments 24/7, 365 days a year. · FedNow will aim to transform the way that money moves in the US, enabling faster payments for business and consumers. · In a new report , FXC Intelligence explores the impact of FedNow and finds that it may also have the potential to support faster cross-border payments in the future.Later this month, the US Federal Reserve