Birdwatch Note Rating
2023-04-08 01:44:15 UTC - HELPFUL
Rated by Participant: D4F8A822389F6B44AE18E231120B1D06E99AAE484682760D702227406B6A05D3
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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