Birdwatch Note Rating
2023-04-06 19:53:05 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 86888E97B3724CB438525C2FEA51DA685B1E328DE7A01DC9DE39BB48A2DF3DAA
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