Kraken Becomes First Crypto Company to Access Fed's Payment System
Kraken has made history as the first cryptocurrency company to gain direct access to the Federal Reserve's core payment system.
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Fed grants Kraken access to payments system in first for crypto group
Digital assets company will be able to connect directly into key parts of central bank’s infrastructure
Read full article →"A Watershed Milestone": Kraken Becomes First Crypto Firm To Gain Access To Fed's Payment System
"A Watershed Milestone": Kraken Becomes First Crypto Firm To Gain Access To Fed's Payment System Kraken has secured a Federal Reserve “master account,” giving its banking arm direct access to the Fed’s core payment systems and making it the first crypto firm to operate on the same rails as traditional financial institutions, Coindesk reported. The company said its unit, Kraken Financial, received approval for a Federal Reserve “master account,” the Wall Street Journal reports. T...
By Tyler Durden
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