After The Error In The Federal Reserve's Payment Systems, Some People Have Started Thinking About Bitcoin!
- Posted on November 5, 2023 5:10 AM
- Economic News
- 188 Views
Some of the leading banks in the United States were unable to process customer deposits on November 3rd due to an outage in the Federal Reserve's payment systems.
The Federal Reserve reported that the error primarily occurred in the Automated Clearing House (ACH), a payment processing network widely used for depositing salaries into employees' bank accounts. ACH is operated by the Federal Reserve Banks and the Electronic Payment Network.
Banks emphasized the safety of customer accounts and the Federal Reserve announced that all services resumed at 16:44 UTC.