FedNow is the US Federal Reserve’s instant payment network. It has been under development since 2019 and is finally set to launch in July this year, as per a March 15 statement from the Fed. Once fully operational, FedNow will facilitate instant payment services throughout the US. These services will be available to businesses and individuals around the clock, every day of the year.
https://www.cnbctv18.com/cryptocurrency/cbdc-central-bank-digital-currency-fednow-us-federal-reserve-possible-answer-16244291.htm