Birdwatch Note Rating
2023-04-06 20:03:01 UTC - HELPFUL
Rated by Participant: B2F646CC916E420EA9BFCF7BC8E50BD1305FF6630DF08E9D8E41C29F2E1BBD7F
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