Birdwatch Note Rating
2023-04-20 15:10:02 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5AF500EC809E9211CC6105C29CACE3B72CCF09F4B6663D26CEAE4B2E7844FF5C
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