Birdwatch Note Rating
2023-04-07 04:36:25 UTC - HELPFUL
Rated by Participant: C628E8A07D48B86D988A85E25CF2168F71308182BDB631B94C0A2CC47FA924E9
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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