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US Federal Reserve FedNow Expands Instant Payment Limit to $10M
US Federal Reserve FedNow Expands Instant Payment Limit to $10M
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BTCCSquare news:
The U.S. Federal Reserve's FedNow instant payment system has increased its transaction limit tenfold, now allowing transfers of up to $10 million. This expansion marks a significant leap in the speed and flexibility of large-scale financial transactions for businesses and banks.
The move signals growing institutional confidence in real-time payment infrastructure, a development that could Ripple across both traditional finance and digital asset markets. While the announcement doesn't directly mention cryptocurrencies, such advancements in fiat payment rails often create parallel demand for faster blockchain-based settlement solutions.
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