Birdwatch Note Rating
2023-04-23 00:24:54 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3D7E9C79A3175EFA6FBFFF29EB7CD7923C3A1163C391260A0D578569E48CB5E8
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