Birdwatch Note Rating
2023-04-06 19:53:05 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 0337D1C94A5D925FEA9F54552ECDBB9D9A796AE29C5C94A513C998CC69DA1BA0
Participant Details
Original Note:
The FedNow payment system is not an alternative to the gold standard. It does not alter the value basis for US currency. It is only a new system for more efficiently making government payments to individuals via electronic bank transfers rather than via mailed checks. https://www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html
All Note Details