U.S. Representatives Introduce the "Payment and Settlement System Act," Aiming to Modernize the Payment System
BlockBeats News, April 21st, according to CoinDesk, U.S. lawmakers have introduced the
This act will enable eligible companies to have direct access to the Federal Reserve's payment system, thereby reducing delays, lowering costs, and speeding up fund transfers for consumers and businesses. The proposal has received support from the fintech and cryptocurrency communities, aiming to make payments faster, cheaper, and more competitive.
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