Birdwatch Note Rating
2023-04-23 04:14:34 UTC - HELPFUL
Rated by Participant: 882ACE0FBFC05422E01B975AE4E761EB480AA1CFEAF94165A1F71FC82B3EE7E3
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.
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