The U.S. Federal Reserve’s (Fed) long-awaited instant payment service, FedNow, is set to launch imminently, promising a significant development in the country’s payment system. As reported by Reuters on July 20, with this service, everyday Americans will soon be able to send and receive funds in real-time, 24/7, a revolutionary stride in the U.S. financial The post Op-ed: US banks launch 24/7 Instant Payments – does FedNow reduce risk of CBDCs? appeared first on CryptoSlate.

Push Protocol, the web3 messaging project, announced the launch of its innovative, decentralized, community-based streaming solution, Push Spaces, at EthCC. This introduction marks a notable step towards a future of improved online communication, which the company believes will revolutionize how web3 users interact. Harsh Rajat, co-founder and lead of Push Protocol, told CryptoSlate, “Our goal The post Push Protocol announces web3 Twitter Spaces competitor ‘Push Spaces ‘ appeared first on CryptoSlate.

A new partnership between Conflux Network (CFX), China’s first regulatory-compliant public blockchain, and World Mobile, a global mobile network based on blockchain, aims to expand blockchain-based mobile access. The collaboration follows the successful launch of Conflux’s BSIM, which saw its CFX token surge over 100%. It focuses initially on four key strategic areas: Public bridging, The post Conflux partners with WorldMobile as WMT token bridges outside of Cardano, CFX up 3% appeared first on CryptoSlate.

Two years after El Salvador adopted Bitcoin as legal tender, adoption remains low as citizens question the cryptocurrency’s benefits, according to former Ethereum core developer Lane Rettig. In a recent talk at EthCC 2023, Rettig provided an update on El Salvador’s Bitcoin experiment he first discussed in 2021. After visiting the country twice since the The post El Salvador’s Bitcoin experiment sees slow adoption, but crime reduction appeared first on CryptoSlate.

At the Ethereum Community Conference (EthCC) on July 19, Ken Timsit, Managing Director of Cronos Labs, delved into emerging use cases and limitations of blockchain-enabled AI. Based on research from 200+ Cronos Accelerator applicants, Timsit aimed to cut through the hype and identify high-impact applications. He organized crypto-AI innovation into three buckets: supercharging productivity, decentralized The post Cronos Labs urges Crypto-AI integration for enhanced productivity appeared first on CryptoSlate.