Dallas, TX — September 23, 2025 – With the White House making Modernizing Payments To and From America’s Bank Account official policy, BankSocial is proud to announce that it is the first Web3 platform live on the Federal Reserve’s new payment rails, delivering faster, cheaper, and more direct money movement to credit unions, community banks, and their members.
BankSocial’s infrastructure unlocks:
- ONLY Web3 platform with credit unions and banks already receiving funds on these new rails.
- First bridge from Federal Reserve payments directly to a self-custody crypto/stocks/cash account wallet.
- Future-proofed with Google’s AI-to-AI platform for intelligent agent payments.
“While others are still catching up, we’re already live,” said John Wingate, CEO & Founder at BankSocial. “This is a milestone not just for technology, but for the communities we serve. We’ve built the rails that give members instant settlement, true ownership, and institutions a way to compete without ceding control to Big Tech.”
Why This Matters
- Instant Settlement: Payments clear in seconds, not days.
- True Ownership: Consumers maintain full custody of their funds through self-custody wallets.
- Community First: Credit unions and community banks remain in control of modern payments, rather than surrendering them to large technology companies.
The new system is live, secure, and already in the hands of members—modernizing payments for the future of financial services.
About BankSocial
BankSocial™ is a financial technology company that helps people and institutions move, store, and grow money securely. From everyday purchases to building a digital asset portfolio, BankSocial makes modern payments, investing, and self-custody simple and accessible.
Whether you’re an institution looking to lead or an individual ready to take control, BankSocial is here to support your financial journey.
See Also:
Why Credit Unions Should Consider BankSocial® and its Hedera Solution | Disruption Banking
One Response
wow that is huge for credit unions. Banksocial is the future!