Fednow protocol
Overview
FedNow Service is a real-time gross settlement (RTGS) system operated by the U.S. Federal Reserve, enabling instant interbank payments 24/7/365. It is a centralized payment rail, not a blockchain or decentralized protocol, designed to modernize the U.S. payment infrastructure.
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Frequently asked questions
What is FedNow?
FedNow Service is a real-time gross settlement (RTGS) system operated by the U.S. Federal Reserve that enables instant interbank payments 24/7/365.
Is FedNow a blockchain or decentralized protocol?
No, FedNow is a centralized payment rail, not a blockchain or decentralized protocol.
Who operates FedNow?
FedNow is operated by the U.S. Federal Reserve.