KRAKEN BECOMES FIRST CRYPTO FIRM TO WIN ACCESS TO FED'S CORE PAYMENTS SYSTEM

Summary from the TLDR newsletter

Crypto firm Kraken's banking unit has won access to the Federal Reserve's core payment systems. The approval of the master account will allow Kraken Financial to handle transactions more quickly and seamlessly for big clients and professional traders. The approval is a major win for the crypto industry, which has been rebuffed for years in its efforts to tap into the system. It makes Kraken the first crypto firm to be able to move money on the same rails used by thousands of banks and credit unions.