Birdwatch Note Rating
2023-04-08 00:10:09 UTC - HELPFUL
Rated by Participant: D3D1EBC95642A3BE9822AF03ED5B01A04EA91EF7960FE4B3D375A8458B7E1644
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