FedNow Showcases Hedera-Based Dropp Platform
The U.S. Federal Reserve’s instant payment system, FedNow, has highlighted Dropp, a micropayments platform built on Hedera Hashgraph, in its Service Provider Showcase. This section connects financial institutions with providers that can assist in implementing instant payment products using FedNow. Dropp offers a digital solution for merchants to accept payments at reduced costs, leveraging DLT and banking tech. While this suggests the Federal Reserve’s growing interest in DLTs, FedNow clarifies that the showcase is merely for convenience and doesn’t imply endorsement.
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The U.S. Federal Reserve's instant payment system, FedNow, has highlighted Dropp, a micropayments platform built on Hedera Hashgraph, in its Service Provider Showcase.
This section connects financial institutions with providers that can assist in implementing instant payment products using FedNow. Dropp offers a digital solution for merchants to accept payments at reduced costs, leveraging DLT and banking tech.
While this suggests the Federal Reserve's growing interest in DLTs, FedNow clarifies that the showcase is merely for convenience and doesn't imply endorsement.
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