Birdwatch Note Rating
2023-04-06 20:22:53 UTC - NOT_HELPFUL
Rated by Participant: C559E982739691E2EFE38F13A971AA3B8B28A962694A86631FB41C5B2274E6C4
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