FedNow extension wins support
Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.
Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.
BELLINGS Intelligence Score: 58
Why it matters
The Federal Reserve's plan to expand FedNow for cross-border instant payments represents a significant structural development in the U.S. payments system with broad industry support, potentially altering cross-border liquidity and settlement dynamics for banks and payment providers.