The Federal Reserve's FedNow instant payment system launches in July without using XRP, Stellar, or other crypto tokens. Cypherium is the only token directly involved as a service provider, though it has minimal trading volume. Ripple has an indirect connection through Volant, a company in the FedNow pilot program.
The Federal Reserve has just announced that in July their FedNow instant transaction system goes live. It does not use Ripple, it does not use XRP, it does not use HBAR, Stellar, Quant, or any of them. Instead, they have went and built instant payments on their own. Now, how can we actually benefit on this? Which tokens are going to pump? And what is the connection between Ripple and FedNow? So I've done some research, and Cypherium CPH is the only token that's actually directly involved in the FedNow system. It's a very low market cap, low volume, low exchange listing, so it's high risk. But Cypherium actually is a FedNow service provider. Now the only connection to Ripple is through Volant, so it's an indirect connection, but Volant joined the pilot program for FedNow, and Volant is actually a partner and client of Ripple. I will let you know if I find more tokens that could be affected.
