No Result
View All Result
No Result
View All Result
No Result
View All Result
\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Financial Technology And FedNow<\/h2>\n\n\n\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

Financial Technology And FedNow<\/h2>\n\n\n\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

\u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

Financial Technology And FedNow<\/h2>\n\n\n\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release<\/a> from FTA announced that they have partnered with the Federal Reserve Bank of Boston to enable financial technology payment services on the FedNow service. The FedNow service is an instant payment infrastructure developed by the Federal Reserve, where funds are settled in an instant.<\/p>\n\n\n\n

The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

\u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

Financial Technology And FedNow<\/h2>\n\n\n\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Oracles are crucial to extending the use cases of blockchain technology beyond on-chain operations. By bridging the gap between blockchain networks and the real world, they allow smart contracts to communicate with outside data sources. The need for safe, dependable, and decentralized Oracle solutions will only increase as blockchain technology develops.<\/p>\n","post_title":"Smart Contracts Meet Reality: The Crucial Role of Oracles in Blockchain Networks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"smart-contracts-meet-reality-the-crucial-role-of-oracles-in-blockchain-networks","to_ping":"","pinged":"","post_modified":"2024-09-02 15:25:24","post_modified_gmt":"2024-09-02 05:25:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11245,"post_author":"12","post_date":"2023-04-27 11:57:38","post_date_gmt":"2023-04-27 01:57:38","post_content":"\n

FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release<\/a> from FTA announced that they have partnered with the Federal Reserve Bank of Boston to enable financial technology payment services on the FedNow service. The FedNow service is an instant payment infrastructure developed by the Federal Reserve, where funds are settled in an instant.<\/p>\n\n\n\n

The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

\u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

Financial Technology And FedNow<\/h2>\n\n\n\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Conclusion<\/h2>\n\n\n\n

Oracles are crucial to extending the use cases of blockchain technology beyond on-chain operations. By bridging the gap between blockchain networks and the real world, they allow smart contracts to communicate with outside data sources. The need for safe, dependable, and decentralized Oracle solutions will only increase as blockchain technology develops.<\/p>\n","post_title":"Smart Contracts Meet Reality: The Crucial Role of Oracles in Blockchain Networks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"smart-contracts-meet-reality-the-crucial-role-of-oracles-in-blockchain-networks","to_ping":"","pinged":"","post_modified":"2024-09-02 15:25:24","post_modified_gmt":"2024-09-02 05:25:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11245,"post_author":"12","post_date":"2023-04-27 11:57:38","post_date_gmt":"2023-04-27 01:57:38","post_content":"\n

FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release<\/a> from FTA announced that they have partnered with the Federal Reserve Bank of Boston to enable financial technology payment services on the FedNow service. The FedNow service is an instant payment infrastructure developed by the Federal Reserve, where funds are settled in an instant.<\/p>\n\n\n\n

The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

\u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

Financial Technology And FedNow<\/h2>\n\n\n\n

The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • Cross-Chain Oracles:<\/strong> Microorganisms that facilitate interoperability by allowing data transfer between several blockchain networks.<\/li>\n<\/ul>\n\n\n\n

    Conclusion<\/h2>\n\n\n\n

    Oracles are crucial to extending the use cases of blockchain technology beyond on-chain operations. By bridging the gap between blockchain networks and the real world, they allow smart contracts to communicate with outside data sources. The need for safe, dependable, and decentralized Oracle solutions will only increase as blockchain technology develops.<\/p>\n","post_title":"Smart Contracts Meet Reality: The Crucial Role of Oracles in Blockchain Networks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"smart-contracts-meet-reality-the-crucial-role-of-oracles-in-blockchain-networks","to_ping":"","pinged":"","post_modified":"2024-09-02 15:25:24","post_modified_gmt":"2024-09-02 05:25:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11245,"post_author":"12","post_date":"2023-04-27 11:57:38","post_date_gmt":"2023-04-27 01:57:38","post_content":"\n

    FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release<\/a> from FTA announced that they have partnered with the Federal Reserve Bank of Boston to enable financial technology payment services on the FedNow service. The FedNow service is an instant payment infrastructure developed by the Federal Reserve, where funds are settled in an instant.<\/p>\n\n\n\n

    The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

    \u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

    Financial Technology And FedNow<\/h2>\n\n\n\n

    The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

    The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

    As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Reputation Systems:<\/strong> Using reputation scores for oracles can encourage truthful actions and the sharing of data.<\/li>\n\n\n\n
  • Cross-Chain Oracles:<\/strong> Microorganisms that facilitate interoperability by allowing data transfer between several blockchain networks.<\/li>\n<\/ul>\n\n\n\n

    Conclusion<\/h2>\n\n\n\n

    Oracles are crucial to extending the use cases of blockchain technology beyond on-chain operations. By bridging the gap between blockchain networks and the real world, they allow smart contracts to communicate with outside data sources. The need for safe, dependable, and decentralized Oracle solutions will only increase as blockchain technology develops.<\/p>\n","post_title":"Smart Contracts Meet Reality: The Crucial Role of Oracles in Blockchain Networks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"smart-contracts-meet-reality-the-crucial-role-of-oracles-in-blockchain-networks","to_ping":"","pinged":"","post_modified":"2024-09-02 15:25:24","post_modified_gmt":"2024-09-02 05:25:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11245,"post_author":"12","post_date":"2023-04-27 11:57:38","post_date_gmt":"2023-04-27 01:57:38","post_content":"\n

    FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release<\/a> from FTA announced that they have partnered with the Federal Reserve Bank of Boston to enable financial technology payment services on the FedNow service. The FedNow service is an instant payment infrastructure developed by the Federal Reserve, where funds are settled in an instant.<\/p>\n\n\n\n

    The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

    \u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

    Financial Technology And FedNow<\/h2>\n\n\n\n

    The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

    The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

    As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Decentralized Oracles:<\/strong> To guarantee accuracy and dependability, employ a variety of data sources and consensus techniques. Chainlink and Band Protocol, for instance.<\/li>\n\n\n\n
  • Reputation Systems:<\/strong> Using reputation scores for oracles can encourage truthful actions and the sharing of data.<\/li>\n\n\n\n
  • Cross-Chain Oracles:<\/strong> Microorganisms that facilitate interoperability by allowing data transfer between several blockchain networks.<\/li>\n<\/ul>\n\n\n\n

    Conclusion<\/h2>\n\n\n\n

    Oracles are crucial to extending the use cases of blockchain technology beyond on-chain operations. By bridging the gap between blockchain networks and the real world, they allow smart contracts to communicate with outside data sources. The need for safe, dependable, and decentralized Oracle solutions will only increase as blockchain technology develops.<\/p>\n","post_title":"Smart Contracts Meet Reality: The Crucial Role of Oracles in Blockchain Networks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"smart-contracts-meet-reality-the-crucial-role-of-oracles-in-blockchain-networks","to_ping":"","pinged":"","post_modified":"2024-09-02 15:25:24","post_modified_gmt":"2024-09-02 05:25:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18437","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11245,"post_author":"12","post_date":"2023-04-27 11:57:38","post_date_gmt":"2023-04-27 01:57:38","post_content":"\n

    FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release<\/a> from FTA announced that they have partnered with the Federal Reserve Bank of Boston to enable financial technology payment services on the FedNow service. The FedNow service is an instant payment infrastructure developed by the Federal Reserve, where funds are settled in an instant.<\/p>\n\n\n\n

    The founder of FinTech Automation, David Park, stated that;<\/p>\n\n\n\n

    \u201cOne of our main goals has been to help banks, credit unions, and ODFIs in launching new embedded finance solutions. The ability to facilitate secure instant payments through the FedNow System will be a real game changer for these financial institutions. Using our platform, clients will have the ability to deploy this enabling technology quickly without having to touch lines of code.\u201d<\/em><\/p>\n\n\n\n

    Financial Technology And FedNow<\/h2>\n\n\n\n

    The FedNow service will be implemented in July of 2023. Banks can build upon the service, which would work 24 hours a day and 365 days a year. This is of great benefit to merchants comparing it to the current system, which is closed on weekends and holidays, the FedNow service will also have significantly lower fees, sitting at an average of US$0.23 per transaction.<\/p>\n\n\n\n

    The FedNow service isn't mandatory; it is just an improvement for the current ecosystem. Although, as the adoption of the service increases, those banks not participating will be left behind, as transactions using the service are only possible with participating banks.<\/p>\n\n\n\n

    As the adoption of the service increases, there will be more and more FinTech solutions provided. Finzly<\/a>, another FinTech solution, allows financial institutions to trial the FedNow service using APIs.<\/p>\n","post_title":"FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fintech-automation-partners-with-federal-reserve-bank-of-boston-to-power-fednow-payments","to_ping":"","pinged":"","post_modified":"2023-04-27 12:07:35","post_modified_gmt":"2023-04-27 02:07:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11245","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n