Dropp has unveiled a plan to collaborate with banks using the FedNow Service to offer creative options for both instant and time-based payments to sellers. This will provide direct access to funds from customers for high-value transactions. Moreover, this platform will also allow small-scale instant payments for everyday purchases by participating in FedNow.
Currently, Dropp enables payments for small transactions using HBAR, USD, and USDC. Sellers save money and grow their businesses, while consumers conveniently access a rich variety of products and services. Furthermore, Dropp allows storage of NFTs, transactions, transfers, and viewing transaction history, NFT details, and associated fees.
Dropp, an efficient cost-effective digital payment platform, has officially launched on the Hedera Hashgraph blockchain. Built on a distributed ledger technology with high throughput and low latency, Dropp facilitates immediate payments. It currently employs ACH to fund consumer wallets and settle payments for sellers at the end of the day.
Hedera’s HBAR token has also benefited from this positive news, experiencing a 16% increase in the past 24 hours. Notably, HBAR had gained significant attention from the community previously, as Lunar Crush, a platform monitoring social media activities surrounding cryptocurrencies, reported a staggering 200% surge in Hedera’s social interactions over the past week.