Fiserv launches cash payment system for crypto firms

Payments firm Fiserv, a Fortune 500 company, is launching a real-time cash payment system called INDX for cryptocurrency companies, Cointelegraph reported. The system will allow businesses to instantly settle U.S. dollar payments through a single custodial account. INDX will operate 24/7 and offer insurance coverage of up to $25 million through the U.S. Federal Deposit Insurance Corporation (FDIC).