Birdwatch Note Rating
2023-04-06 22:00:19 UTC - HELPFUL
Rated by Participant: 9C053B9C35CB5435320126E54A7C149DEC1AC8777447A33F2A439F00E7A1D01D
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