Birdwatch Note Rating
2023-04-06 22:06:33 UTC - HELPFUL
Rated by Participant: C477388CBEA83A3F8DC26D595F13831FCFBB5829AD4D3080D2BF87E8FAB6E405
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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