{"id":134993,"date":"2024-08-06T12:00:42","date_gmt":"2024-08-06T09:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134993"},"modified":"2024-08-06T01:20:12","modified_gmt":"2024-08-05T22:20:12","slug":"feds-crypto-killer-fails-to-disrupt-the-market-after-one-year","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/feds-crypto-killer-fails-to-disrupt-the-market-after-one-year\/","title":{"rendered":"Fed’s “Crypto Killer” Fails to Disrupt the Market After One Year"},"content":{"rendered":"

Despite the recent crash, the total market capitalization of cryptocurrencies has increased by 59% since FedNow\u2019s introduction in 2023.<\/p>\n

While the Federal Reserve never explicitly stated that FedNow would disrupt the crypto industry, its features closely mirrored those of blockchain technology. FedNow promoted benefits such as continuous operation, payment irreversibility, high transaction throughput, no chargebacks, and very low fees, which are also key selling points for many cryptocurrencies.<\/p>\n

Although FedNow was initially thought to potentially overshadow cryptocurrencies, particularly stablecoins, it has not displaced them. The service\u2019s transaction fee of $0.23 is competitive with that of major blockchains, irrespective of the transaction size.<\/p>\n