FedNow Is LIVE and the Framework Is in Place for CBDCs

·  Daisy Luther

·  July 21, 2023

Yesterday, with a bit of fanfare but not TOO much fanfare, a “wonderful” new product was launched. FedNow is live, and we can all transfer money to our heart’s content via the Federal Reserve.

Wow, that sounds great, doesn’t it? Of course, that is a spot created by the Federal Reserve and up ton the Federal Reserve YouTube channel.

FedNow is live at 35 banks.

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