Birdwatch Note Rating
2023-04-09 13:05:00 UTC - NOT_HELPFUL
Rated by Participant: 22E9DF3F37DE5C5B9F2E7E95D1BD4E088C8BE6CD06DBFD0030F5A95F11447B0D
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