FedNow Reportedly Processed XRP Transaction Sent To US Bank Account
cryptonews.net
“Crypto Value Hunter” recently reported that FedNow processed XRP funds sent to his bank account from crypto platform Uphold member of the XRP community reported this in a post on X. he withdrew funds from his Uphold XRP account to the bank and the funds were instantly deposited into the target acco
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- “Crypto Value Hunter” recently reported that FedNow processed XRP funds sent to his bank account from crypto platform Uphold
- member of the XRP community reported this in a post on X.
- he withdrew funds from his Uphold XRP account to the bank and the funds were instantly deposited into the target account. In addition, he expressed surprise at the organization that carried out the transaction based on the information in the payment description.
- According to the disclosure, the XRP funds were processed by FedNow, the US Federal Reserve’s instant payments system
- given the fast transfers settlement, a core characteristic of XRP transactions, and FedNow’s purported involvement.
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