Posts

Showing posts with the label federal reserve

US Federal Reserve Officially Launches the FedNow Service

Image
The Payment Revolution Through FedNow The Federal Reserve has touted the FedNow service as one that will allow Americans to send and receive payments instantly and for 24 hours a day, round the clock. The modernization of the American payment system through the FedNow service is a testament to the flexibility of the apex bank to join the revolution in payments by providing an equally robust service for all Americans. advertisement The payment system in the country, as it stands, is rife with many setbacks, including but not limited to the high transaction costs and delays in settlement. The Federal Reserve has been making the move to launch this service since as far back as 2019, seeing that new technologies, especially blockchain are beginning to dominate the payment landscape. The FedNow service is not the first of its kind as other sovereign countries including the United Kingdom, Brazil, and India have floated related services in the past. The ...

Why a Bitcoin ETF approval would be a big deal

Image
Bitcoin ETFs are back in the spotlight after several companies filed with the SEC. This week’s episode of Market Talks discusses why approval would be a big deal for Bitcoin. In this week’s episode of Market Talks , Cointelegraph welcomes Natalie Brunell, a podcast host, educator and media commentator in the Bitcoin space. Her podcast, Coin Stories , consistently ranks among the top 50 to 100 on Apple podcasts. She has over 300,000 Twitter followers, and is an award-winning TV journalist and former investigative reporter. Brunell explains how Bitcoin (BTC) is a tool for the financial empowerment of billions of people worldwide and how the depreciating United States dollar is stripping away people’s economic dignity. The elephant in the room when discussing Bitcoin with someone new to the crypto space is its volatility and risk factor. Brunell describes how to overcome this, and how to explain that Bitcoin might be better than traditional assets, including stocks and real estate. Brune...