Blockchain network operator Tassat announced on March 14 that it will provide browsing of the Federal Reserve FedNow payment platform. FedNow will officially launch as a demonstration project, which will provide immediate, round-the-clock financial services.

Aaron Green, CEO of Tassat, told Cointelegraph,Tassat that it would adopt a user-oriented API as a B2B channel for FedNow. The company's interbank and intra-bank services will also provide FedNow browsing.

The FedNow demonstration site will be phased out in June or July, targeting a very small number of banks. The system will use the Fed's bank credit account to transfer commercial services bank funds from the borrower to the cashier, thereby providing real-time remittance. It is generally referred to as the central bank digital currency long-term stable currency non-blockchain alternative.

At first, FedNow only aimed at the transfer of Chinese football, which is also in line with Green's needs. "people have a lot of work to do in the United States," he said. He called America's financial infrastructure "outdated".

Tasha has only six banks in the pipeline, including recently cancelled signatory banks. Referring to the recent bank closures, Green said:

"recent events have exposed the life-and-death difficulties faced by large, small, medium-sized and regional banks, especially in squeezing the sales market by large and medium-sized banks."

Green shows that the selection of blockchain in the banking system is making rapid progress. "in June, most bank CEO knew very little about blockchain," he said. "so today, the feeling is […] " They must have some kind of blockchain development strategy. In the past 12 months, the number of employees at Tassat has doubled to 90, Green added.

The company was founded in 2017, and Green started as an investor and a member of the supervisory board of the company, and later became chief executive and boss.