Birdwatch Note Rating
2023-06-08 13:47:58 UTC - NOT_HELPFUL
Rated by Participant: 1C64B54263FF8B58D1372D8A71B7B51BF427DB2AF7C4F58EF23682A011F823E0
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