{"id":563536,"date":"2023-03-14T17:30:00","date_gmt":"2023-03-14T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tassat-blockchain-to-join-fednow-service-with-b2b-onramp-as-pilot-prepares-for-launch\/"},"modified":"2023-03-14T17:30:00","modified_gmt":"2023-03-14T14:30:00","slug":"tassat-blockchain-to-join-fednow-service-with-b2b-onramp-as-pilot-prepares-for-launch","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tassat-blockchain-to-join-fednow-service-with-b2b-onramp-as-pilot-prepares-for-launch\/","title":{"rendered":"# Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ab79d2c38f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ab79d2c38f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tassat-blockchain-to-join-fednow-service-with-b2b-onramp-as-pilot-prepares-for-launch\/#%E2%80%9D_Tassat_blockchain_to_join_FedNow_service_with_B2B_onramp_as_pilot_prepares_for_launch_%E2%80%9C\" >&#8221; Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Tassat_blockchain_to_join_FedNow_service_with_B2B_onramp_as_pilot_prepares_for_launch_%E2%80%9C\"><\/span>&#8221; Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvMTIwMDI3ODctMDVlNC00ODhlLWI4NDUtMzZhY2E4Y2U0ZTMyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Blockchain  operator Tassat announced March 14 that it will provide access to the United States Federal Reserve\u2019s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service.<\/p>\n<p>Tassat will serve as a business-to-business onramp for FedNow through a client-facing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication programming interface (API), CEO Kevin Greene told Cointelegraph. Both the company\u2019s interbank and intrabank services will provide FedNow access. <\/p>\n<p>The FedNow pilot is expected to begin in June or July with a small number of banks. The system will offer real-time gross settlement by funneling commercial bank money from a sender through a Fed credit account to its recipient. It is often seen as a non-blockchain alternative to central bank digital currency (CBDC) and to stablecoin.<\/p>\n<p>FedNow will initially be available only for domestic transfer, which suited Greene. \u201cWe have a lot of work to do here in America,\u201d he said. He referred to the U.S. financial infrastructure as \u201cantiquated.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\">Fednow\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/OGRW3kUUBh\">pic.twitter.com\/OGRW3kUUBh<\/a><\/p>\n<p>\u2014 MetaMan X \u2122\ufe0f (@MetaMan_X) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MetaMan_X\/status\/1633286531615006721?ref_src=twsrc%5Etfw\">March 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Tassat has a pipeline of six banks, which include the recently-shuttered Signature Bank. Greene said of the recent bank closures:<\/p>\n<blockquote><p>&#8220;Recent events have illuminated the existential crisis that small, mid-sized and regional banks face, particularly being squeezed out by the mega banks.\u201d<\/p><\/blockquote>\n<p>Blockchain adoption is progressing rapidly in the banking system, according to Greene. \u201cSixteen months ago, most bank CEOs didn\u2019t know much about blockchain at all,\u201d he said, \u201cand today the feeling is [\u2026] they have to have some kind of blockchain strategy.\u201d Greene Added that Tassat had doubled its number of employees to 90 in the past 12 months.<\/p>\n<p><strong><em>Related: FedNow \u2014 US Federal Reserve Payment Tool a Threat to Banks, Not Crypto<\/em><\/strong><\/p>\n<p>Greene began as an investor and board member at the company when it was founded in 2017, then moved into the CEO and chairman positions. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tassat-blockchain-to-join-fednow-service-with-b2b-onramp-as-pilot-prepares-for-launch\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch &#8220; Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve\u2019s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service. Tassat will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":563537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/12002787-05e4-488e-b845-36aca8ce4e32.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74889,70550],"class_list":["post-563536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-payments","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/563536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=563536"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/563536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/563537"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=563536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=563536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=563536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}