Hedera Hashgraph’s $HBAR token has surged over 15% after the U.S. Federal Reserve’s instant payments platform FedNow added ‘Dropp.' The token has now rallied nearly 50% over the past two months. LedesmaLyllah reports
Dropp is a pay-by-bank alternative to credit card payments which allows merchants to accept small-value purchases digitally without large transaction fees, according to FedNow’sToday’s action brings the move higher in HBAR to nearly 50% since mid-June and the token’s market cap to more than $2.1 billion.
Hedera Hashgraph describes itself as a uniquely structured blockchain compared to other chains due to its usage of hashgraph consensus. Hedera is the only public distributed ledger that uses this, , which notes that Hashgraph achieves 10,000+ transactions per second and low-latency finality in seconds.by Messari, Hadera’s average daily active accounts have grown 288% year-to-date, jumping from 3,500 to 13,500 by Q2 2023. In terms of average daily creation of new accounts, there was a 340% surge over that same period, said Messari.
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