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<ul> 
 <li>HBAR surges 15% on FedNow’s Dropp integration.</li> 
 <li>Dropp enables low-cost digital payments via HBAR, USD, and USDC.</li> 
 <li>Hedera’s unique blockchain sees milestones with FreshSupplyCo and Shinhan Bank’s stablecoin pilot.</li> 
</ul> 
<p>HBAR surged by an impressive 15% following the integration of Hedera’s Dropp into FedNow, heralding a new era of efficient digital transactions.</p> 
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   <p lang="en" dir="ltr">Today, <a href="https://twitter.com/droppcc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@droppcc</a>, the micropayments solution built on <a href="https://twitter.com/hedera?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Hedera</a> and fuelled by <a href="https://twitter.com/hashtag/HBAR?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#HBAR</a>, was showcased as a service provider for FedNow, the instant payment service developed by the <a href="https://twitter.com/federalreserve?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@federalreserve</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Catch up with <a href="https://twitter.com/SushilDropp?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SushilDropp</a> (CEO, Dropp) as he explains the <a href="https://twitter.com/hashtag/Hedera?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Hedera</a> integration: <a href="https://t.co/4HbZqlwghl" rel="noopener noreferrer nofollow">pic.twitter.com/4HbZqlwghl</a></p>— HBAR Foundation (@HBAR_foundation) <a href="https://twitter.com/HBAR_foundation/status/1691178015420452865?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 14, 2023</a> 
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<p>This surge follows the integration of Dropp, a Hedera-based micropayments platform, into the US Federal Reserve’s instant payments platform, FedNow. This strategic partnership has not only boosted HBAR’s value but also solidified its position as a frontrunner in the cryptocurrency market.</p> 
<p>According to <a href="https://explore.fednow.org/explore-the-city?id=10&amp;building=showcase-theater&amp;sortBy=newest&amp;postId=108&amp;vendor=dropp-inc" target="_blank" rel="noopener noreferrer nofollow">FedNow’s press release</a>, Dropp has introduced a groundbreaking pay-by-bank alternative for small-value digital purchases. This eliminates high credit card transaction fees and offers users added flexibility by supporting transactions in Hedera’s HBAR, the U.S. dollar, and Circle’s USDC.</p> 
<p>Hedera’s distinctive blockchain architecture, utilizing hashgraph consensus, underpins its appeal. With a remarkable throughput of over 10,000 transactions per second and nearly instantaneous transaction finality, Hedera’s foundation facilitated the seamless integration of Dropp, amplifying the efficiency of HBAR transactions.</p> 
<p>Recent milestones underscore Hedera Hashgraph’s significance in the blockchain arena. FreshSupplyCo (FSCO), a trailblazing agrifood supply chain platform, incorporated Hedera into its payment trigger API, transitioning from the now-defunct private Mastercard Provenance blockchain.</p> 
<p>South Korea’s Shinhan Bank also harnessed Hedera’s capabilities in a successful stablecoin remittance proof-of-concept pilot, a testament to Hedera’s technological prowess and potential to reshape the financial sector.</p> 
<p>As HBAR maintains its upward trajectory and Hedera’s network of partnerships and innovations continues to expand, the stage is set for a revolutionary shift in digital payments and decentralized technology.</p> 
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<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/hedera-pumps-by-16-as-fed-unveils-hbar-adoption-for-micropayments/" rel="noopener noreferrer nofollow">Hedera Pumps by 16% as FED Unveils HBAR Adoption for Micropayments</a></li> 
 <li><a href="https://cryptonewsland.com/hedera-hbar-price-prediction/" rel="noopener noreferrer nofollow">HBAR Price Prediction: Will Hedera Reach $10 Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/hedera-hbar-price-analysis-aug-week-2-to-3/" rel="noopener noreferrer nofollow">Hedera (HBAR) Price Analysis Aug Week 2 to 3</a></li> 
 <li><a href="https://cryptonewsland.com/chatgpt-plugin-revolutionizes-hedera-network-a-new-era-of-ai-integration/" rel="noopener noreferrer nofollow">ChatGPT Plugin Revolutionizes Hedera Network: A New Era of AI Integration</a></li> 
 <li><a href="https://cryptonewsland.com/major-security-breach-on-hedera-hashgraph-liquidity-pool-tokens-stolen/" rel="noopener noreferrer nofollow">Major Security Breach on Hedera Hashgraph: Liquidity Pool Tokens Stolen</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/hbar-skyrockets-15-as-fednow-embraces-hederas-dropp/">HBAR Skyrockets 15% as FedNow Embraces Hedera’s Dropp</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

HBAR Skyrockets 15% as FedNow Embraces Hedera’s Dropp

Crypto News Land

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