Birdwatch Note Rating
2023-04-06 22:25:06 UTC - NOT_HELPFUL
Rated by Participant: 157949CA27417AE3FA2F206BF999B2137E57038260C7F6E46A9CE23270241D9A
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