Birdwatch Note Rating
2023-04-08 14:45:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 6EDA5ED8F730598283ACA8B42E0AFB7DCBC2AB8610FFCFB676F765038DA81C39
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