The New York-based fintech said it will provide an API to allow clients to access the new Federal Reserve real-time payment service when it premiers.
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Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service.
Tassat will serve as a business-to-business onramp for FedNow through a client-facing application programming interface (API), CEO Kevin Greene told Cointelegraph. Both the company’s interbank and intrabank services will provide FedNow access.
The FedNow pilot is expected to begin in June or July with a small number of banks.
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