Friday, March 29, 2024

Robert F. Kennedy Jr. Fednow

by Hideo Nakamura
Robert F. Kennedy Jr. Fednow

Robert F. Kennedy Jr. is the founder of Fednow, a blockchain-based payments system which allows for instantaneous transfers between banks and financial institutions regardless of where they are located. The platform was created with the goal of providing faster and more secure payment processing to customers around the world.

Fednow is based on a distributed ledger technology (DLT) called Hyperledger Fabric, which is an open source framework used by developers to create applications that can be securely shared across multiple organizations or networks. This provides a greater level of security than traditional banking systems as all data on the network is encrypted and stored in an immutable form that cannot be changed without first being verified by consensus among users. It also enables real-time transfer of funds between participating institutions without relying on intermediaries such as clearing houses or correspondent banks, meaning transactions occur almost instantly and at significantly lower cost than traditional methods allow for today.

In addition to its groundbreaking technology, Fednow has partnered with several leading global companies including Visa and Mastercard who have agreed to provide access to their networks through the platform enabling millions more people around the world access to this new kind of financial service offering instant payments near zero fees all from one’s own bank accounts — no additional hardware required! With these collaborations in place plus numerous others worldwide, Robert F Kennedy Jr’s vision for an open banking future appears closer than ever before!

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