Gate News message, April 24 — Ripple Treasury has integrated with the Federal Reserve’s FedNow system through ClearConnect, connecting blockchain infrastructure to the U.S. central bank’s real-time payment network. FedNow enables participating banks to settle transactions 24/7 in seconds, compared to traditional batch processing which can take hours or days.
The integration creates a hybrid payment model for financial institutions, allowing them to use FedNow for domestic settlement while leveraging blockchain-based infrastructure for global cross-border transfers. This reduces reliance on multiple correspondent banks and lowers operational friction in international payments. ClearConnect facilitates the connection between legacy banking systems and blockchain networks including XRP.
The move reflects broader convergence between traditional finance and blockchain payment systems. Financial institutions can now manage liquidity on-demand through blockchain infrastructure rather than maintaining pre-funded accounts across multiple currencies, enabling faster settlement with fewer intermediaries.
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