Cypherium Featured in the Federal Reserve’s new FedNow(SM) Service Provider Showcase

Cypherium is proud to be featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.

“We’re thrilled to be part of the FedNow Service Provider Showcase and look forward to helping other organizations implement instant payments,” said Sky Guo, CEO at Cypherium. “With our solutions, financial institutions, businesses and consumers will be able to access the speed, convenience and other benefits the FedNow Service will provide when it launches in 2023.”

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Cypherium plans to offer instant payment services to organizations that are adopting the FedNow Service. Cypherium is a blockchain platform for enabling faster payments and cross-platform interoperability. Consumers may use Cypherium digital wallets to interact with the FedNow services.

“We appreciate the commitment of Cypherium to enabling FedNow adoption and participating in the showcase,” said Nick Stanescu, Federal Reserve Bank senior vice president and FedNow business executive. “The time is now for organizations to identify and connect with partners they’ll need to build the end-to-end solutions the market is demanding.”

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