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GateUser-656cc6e4

2026-05-21 02:27:03

Fintech company: Finally able to connect directly to the Federal Reserve, but it doesn't seem that impressive either

View Original

BlockBeatNews2026-05-21 02:13:03

The Federal Reserve plans to launch a simplified payment account, opening its payment system to fintech companies.

The Federal Reserve proposes to introduce a more limited type of payment account, allowing fintech and other companies to transfer funds through the Federal Reserve payment system, but without access to traditional banking protections such as intraday credit and discount window, and reserves held at the Federal Reserve will not earn interest. This move seeks to balance expanding access with preventing financial risks.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

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