The Federal Reserve launched a new instant payment system, FedNow ... Tory Newmyer explained at The Washington Post. Right now, consumers can wait days for a check or bill payment to clear ...

The other option is “instant,” but comes ... Instead, a few times a day the payment authority (in the US, this is almost always the Federal Reserve) will collate millions of check payments ...

Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, ...