Is FedNow is built for METAL?

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(Edited)

"Metal Blockchain is a crypto network developed by Metallicus, based on a fork of Avalanche's code. It was created to offer compliance-friendly options for decentralized finance (DeFi) developers. In the May 11 announcement, Metal developers claimed that the network is “built on the foundation of BSA [Bank Secrecy Act] Compliance,” implying that it has identity verification and Anti-Money Laundering features built in."

https://cointelegraph.com/news/federal-reserve-s-fednow-will-integrate-with-metal-blockchain

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Metal Blockchain Price (METAL)
$0.063528 +14.6%
0.00000241 BTC +19.3%
0.00003594 ETH +18.2%

https://www.coingecko.com/en/coins/metal-blockchain

"According to its documents, the network features a subnet called “X-Chain” that allows developers to enact rules for transferring assets. For example, a token can be issued with the rule that it “can only be sent to US citizens” or “can’t be traded until tomorrow.”"

https://cointelegraph.com/news/federal-reserve-s-fednow-will-integrate-with-metal-blockchain

"Designed for global finance, featuring a scalable, secure, and decentralized Layer 0 infrastructure. Its cross-chain interoperability ensures seamless transactions across networks, while advanced components optimize efficiency and promote innovation. Metal Blockchain is poised to revolutionize the financial sector and empower developers with tailored solutions."

https://metalblockchain.org/

Trade METAL on Proton DEX

https://protondex.com/dex/METAL_XMD

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"METAL plays the same role on the C-Chain that ETH does on the Ethereum Network. When you create or call a smart contract, you pay the transaction fee (gas cost) with METAL. You can transfer METAL between accounts and send METAL to a smart contract using native EVM tools and libraries."

https://docs.metalblockchain.org/

"This article shows how to transfer METAL tokens programmatically between any two chains (X/P/C chains) of the Primary Network."

https://docs.metalblockchain.org/quickstart/cross-chain-transfers

"Transaction fees for non-atomic transactions are based on Ethereum's EIP-1559 style Dynamic Fee Transactions, which consists of a gas fee cap and a gas tip cap."

https://docs.metalblockchain.org/quickstart/transaction-fees

"The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function."

https://cointelegraph.com/news/federal-reserve-s-fednow-will-integrate-with-metal-blockchain

3 hours ago = a TX for 20,845.818535778 METAL (est 1326.2735127018036)

https://explorer.metalblockchain.org/

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Launching July 2023: Instant Payments with the FedNowSM Service
https://www.frbservices.org/financial-services/fednow

"Through financial institutions participating in the FedNow Service, businesses and individuals can send and receive instant payments in real time, around the clock, every day of the year. Financial institutions and their service providers can use the service to provide innovative instant payment services to customers, and recipients will have full access to funds immediately, allowing for greater financial flexibility when making time-sensitive payments."

https://explore.fednow.org/

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(There are a lot of articles on here, https://explore.fednow.org/resources )

"Many P2P platforms may leave financial institutions out of the equation if the transaction occurs on a nonbank closed-loop network, which means the payer and payee conduct the transaction on accounts with the single central provider, like PayPal or Venmo. The central provider might use an ACH debit or credit card transaction “behind the scenes” to pull funds from a financial institution account to make the payment. However, the payer could also send funds to the payee directly from funds stored in their online account with the central provider. In this scenario, the transaction occurs entirely on the closed-loop network, which disintermediates financial institutions altogether."

https://explore.fednow.org/resources?id=7&resourceRole=fi&resourceTitle=instant-payments-and-p2p

"Instant payments introduce the opportunity for financial institutions to reimagine their involvement with P2P transactions. By using instant payment rails, financial institutions can enable their customers to send instant P2P payments via their mobile banking app or website. In this scenario, financial institutions are at the center of the transaction flow: They assist the payer to initiate the payment; facilitate clearing and settlement between the payer and the payee’s financial institutions; and credit the payee’s account with funds to use immediately. Further, this all occurs in a matter of a few seconds."

https://www.frbservices.org/financial-services/fednow/about.html

"Browse our full list of resources to get up to speed on instant payments and the FedNowSM Service. Filter your search to find what you’re looking for, or explore the entire resource list."

https://explore.fednow.org/resources?page=5

"Federal Reserve Financial Services are governed by the terms and conditions that are set forth in the following operating circulars."

https://www.frbservices.org/resources/rules-regulations/operating-circulars.html



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2 comments
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i have some MTL and some XPR proton, its just an eos fork, metal they day is avalanche but its really all just eos which all came from steem like hive

proton which metal is on has nice social site called @snipverse https://snipverse.com its waaaay nicer than peakd or hive or leo

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