Birdwatch Note Rating
2023-04-06 19:13:33 UTC - NOT_HELPFUL
Rated by Participant: 517D92EA2A603425CFA236947C1505516257E1C7EB44E7CC08A5698B653079F1
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