News - Hedera Hashgraph becomes part of FedNow

By Mike Hesp

Hedera Hashgraph becomes part of FedNow

Hedera (HBAR)

FedNow is the new payment system of U.S. banks. Now blockchain is being integrated into it. Its price is rising rapidly.

Hedera Hashgraph becomes part of FedNow. To do this, it integrates Dropp, a payment service built on Hashgraph.

FedNow is the Federal Reserve's new payment network and will be launched in July 2023. It enables "payments in real time, around the clock, every day of the year." 57 of the largest U.S. banks are partners.

De Hedera Hashgraph price made a jump of more than 15 percent after the announcement. On a monthly basis, the stock price rose nearly 50 percent.

Hedera Hashgraph also announced partnerships with Hyundai, Kia and Mastercard in recent weeks. Some at FedNow warn of a "CBDC by the back door."

Hedera Hashgraph was launched in 2017. It promises low rates and great speed.

The project is sold as an "evolution of blockchain." It uses a new algorithm called the Hashgraph.

The blockchain is managed by a board of global companies, including Google, Boeing, IBM, Ubisoft and many more.

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