Birdwatch Note Rating
2024-03-09 21:40:39 UTC - NOT_HELPFUL
Rated by Participant: 15E16BEBE8DC715E0A141C5ECE9560E8679F8A27D0E34DB3E80A9FB0E13CC9E7
Participant Details
Original Note:
FedNow is not a CBDC. In fact, the Federal Reserve Bank has said FedNow might supplant the need for a CBDC. See: https://www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html Kennedy is right, cash transactions are anonymous. And anything non-cash (checks, credit cars, Bitcoin, FedNow) is not.
All Note Details