Birdwatch Note Rating
2023-04-07 01:50:24 UTC - NOT_HELPFUL
Rated by Participant: B0421E7BC39B85783A0618DE0EDA2689903B09DC1E5C629282965405626CC3C3
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