FedNowSM Services chooses Cypherium as service provider

Overview

The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions — regardless of size or geographic location — around the clock, every day of the year. Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments. Access will be provided through the Federal Reserve’s FedLine® network, which serves more than 10,000 financial institutions directly or through their agents. For more information, visit FedNowExplorer.org.

Cypherium plans to offer instant payment services to organizations that are adopting the FedNow Service

We appreciate the commitment of Cypherium to enabling FedNow adoption and participating in the showcase. The time is now for organizations to identify and connect with partners they'll need to build the end-to-end solutions the market is demanding.

Nick Stanescu
Federal Reserve Bank senior vice president and FedNow business executive

Cypherium Featured in the Federal Reserve’s new FedNow(SM) Service Provider Showcase

Cypherium is proud to be featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.

We’re thrilled to be part of the FedNow Service Provider Showcase and look forward to helping other organizations implement instant payments. With our solutions, financial institutions, businesses and consumers will be able to access the speed, convenience and other benefits the FedNow Service will provide when it launches in 2023.

Sky Guo
CEO, Cypherium

Cypherium plans to offer instant payment services to organizations that are adopting the FedNow Service. Cypherium is a blockchain platform for enabling faster payments and cross-platform interoperability. Consumers may use Cypherium digital wallets to interact with the FedNow services.

We appreciate the commitment of Cypheriumto enabling FedNow adoption and participating in the showcase. “The time is now for organizations to identify and connect with partners they’ll need to build the end-to-end solutions the market is demanding.

Frank van der Bijl
Global Collaboration Manager, Randstad

To learn more, visit Cypherium’s profile, in the FedNow Service Provider Showcase on FedNowExplorer.org