Birdwatch Note Rating
2023-04-06 17:29:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: E2AA6D39CA9E0C1AD8C5C58ABA7E227DE245AB7F17BE0CB9B4B1E35AEE813133
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