Birdwatch Note Rating
2023-04-06 21:29:32 UTC - NOT_HELPFUL
Rated by Participant: 95A4B87CEDC6896F2808619234A69756D2AC0A7B9E280DDBB5DD1D0CE6358DE3
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