Cosmos - The Interchain ⚛️|Aug 03, 2026 12:17
About 80% of banks that adopted FedNow are receive-only. Nobody wants to be the one sending money out.
Peter Glyman, CEO of @CoinbaxHQ, says that's the real reason real-time payment rails have been slow to catch on: prevention of fraud and illicit transactions is top-of-mind. (Cosmos - The Interchain ⚛️)
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