Bitcoin24h $62,944.68-1.36%

Ethereum24h $1,786.28-0.57%

BNB24h $569.61-0.44%

XRP24h $1.08-1.15%

Solana24h $76.53-0.01%

TRON24h $0.3298-0.01%

Hyperliquid24h $65.47-2.29%

Dogecoin24h $0.0724-0.75%

UNUS SED LEO24h $9.51-0.09%

Zcash24h $520.66+0.13%

One year on, ‘crypto killer’ FedNow still hasn’t killed crypto

FedNow, a 24/7 payments platform that outcompetes most blockchains, has nonetheless failed to impact the value of most crypto assets.

‘Crypto killer’ FedNow launches, fails to kill crypto

The world’s largest central bank has unveiled instant, irreversible, 24/7 interbank settlement of USD. But FedNow hasn’t killed crypto yet.

The launch of FedNow, which will offer 24/7 payments, means many crypto projects may need to rethink their differentiated value propositions.

When the Federal Reserve launches FedNow in July, it will supplant most blockchains with cheap, reliable, instant, irreversible settlements.