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Federal Reserve announces the FedNow Service, is now livewww.federalreserve.gov/newsevents/pressreleases/other20230720a.htm
1202 sats \ 7 comments \ @cryptocoin 20 Jul 2023 bitcoin
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31 sats \ 2 replies \ @nullama 20 Jul 2023
As an interbank payment system, the FedNow Service operates alongside other longstanding Federal Reserve payment services such as Fedwire® and FedACH®.
What is this thing? CBDC light?
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25 sats \ 0 replies \ @quark 20 Jul 2023
They said it has no relation with CBDCs. So there you have it. It's like a confirmation it is all related to CBDCs. Maybe not now yet, but in the near future. They want to see how well it goes first with the banks using it.
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25 sats \ 0 replies \ @kepford 20 Jul 2023
They mean you could call it CBDC light but that doesn't seem accurate. I have read it will make direct payments to citizens easier but it isn't a new currency.
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25 sats \ 1 reply \ @siggy47 20 Jul 2023
Is it petty to hope for the whole system to crash on day 1? I guess that's unrealistic anyway with those top notch bureaucratic tech guys paving the way. Anyone remember the Obamacare web site roll out?
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25 sats \ 0 replies \ @kepford 20 Jul 2023
Ha, yeah that Obamacare web site project was a train wreck.
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25 sats \ 0 replies \ @white 20 Jul 2023 freebie
Signed up to post this^ :)
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20 sats \ 0 replies \ @TomK 20 Jul 2023
And it will be a wholesale solution in the future. Jamie and his camarilla never give up their credit-fraud pump model with a cbdc, controlled by any institution! Let the stupid Euro-Commies fall into the China-trap
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