According to Altcoinbuzz, Hedera Hashgraph has secured a significant partnership with the US Federal Government for its FedNow payment system. This collaboration, which began in 2023, highlights Hedera's unique position in the market due to its private permissioned chain and its use of Asynchronous Byzantine Fault Tolerance (aBFT) for consensus. The FedNow system, launched in July 2023, offers instant payment capabilities, operating 24/7 with low transaction fees. Hedera's involvement with FedNow, particularly through the integration of Dropp for micropayments, positions it ahead of other blockchain projects seeking government collaboration. This partnership underscores Hedera's role in demonstrating the potential of distributed ledger technology for fast and secure government payments.
Hedera Hashgraph Partners with US Government for FedNow Payments
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