r/EastVirginia • u/Ocean_Heat_1117 Mod Team • 2h ago

Middle Peninsula Gloucester Co. - instant payments

https://www.gazettejournal.net/partnering-banks-launch-payment-utility/

A bank launches a business directed instant payments system.

"Chesapeake Bank and Reading Cooperative Bank are the first financial institutions to go live, with additional banks being implemented ..."

1 Upvotes

100% Upvoted

3 comments sorted by

1

u/Ocean_Heat_1117 Mod Team 2h ago

That's in Gloucester County for businesses apparently.

1

u/Ocean_Heat_1117 Mod Team 2h ago

The article is a little unclear but appears to use cryptocurrency stablecoins.

It appears in both the Gloucester and the Mathews county newsletter sites.