Birdwatch Note Rating
2023-04-06 21:34:03 UTC - HELPFUL
Rated by Participant: 0DB08EAE829A9563CD8368BC189E790C3155DCCE93B44C0A95D9A6A3EC06BF00
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