Ripple Treasury Integrates With FedNow Through ClearConnect
Ripple Treasury is connecting directly to the Federal Reserve’s payment rail through ClearConnect, according to the short announcement.
Summary
No Summary provided as the original text is short
Terms & Concepts
- FedNow: A Federal Reserve instant payment service that enables participating financial institutions to send and receive payments in real time.
- Payment rail: The infrastructure used to move money between financial institutions, businesses, or individuals.
- Ripple Treasury: A Ripple-related treasury service referenced in the announcement; the source does not provide further operational details.