The United States Federal Reserve has made a significant announcement regarding the certification of 57 organizations, including financial institutions and service providers, for the highly anticipated launch of the FedNow Service. With major players in the banking industry, such as JPMorgan Chase, Bank of New York Mellon, US Bancorp, and Wells Fargo, among the certified entities named by the Fed, the stage is set for a transformative shift in the financial landscape. Testing And Certification Completion For FedNow The Federal Reserve has disclosed that 57 early adopter organizations have successfully completed formal testing and certification for the upcoming FedNow Service launch planned for late July. Related Reading: XRP, Cardano Among Altcoins To Keep An Eye On: Santiment This diverse group consists of financial institutions and service providers that are ready to send and receive transactions, supporting settlement and processing on behalf of participants. The US Department of the Treasury is also among the early adopters, reflecting the breadth of involvement in this groundbreaking initiative. Readiness and Final Trial Runs The certified organizations are currently undergoing final trial r ..
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