FedNow will be supported by the USA CBDC.
It makes sense to see their governmental authorities have been trying to do more aggressive legislation bills and regulatory activities against cryptocurrency. They do all such to support their CBDC in future but I still see some positive supports from Congress members, Senators latest months.
I believe that the launch of CBDC and FedNow will not be completely negative for their citizens. I look at it with this view, those things will expose many people to digital transfers and after they are familiar with it, I hope some of them will look for alternatives, better than CBDC and FedNow. It will be times for them to look at Bitcoin and cryptocurrency as better alternatives for CBDC.
Topic: Federal Reserve launches FedNow instant payment service - page 5. (Read 585 times)
https://www.nbcnews.com/business/consumer/federal-reserve-launches-fednow-instant-payment-service-bypass-venmo-p-rcna95380
The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
Seems like this could be a good thing for people living in the USA. If I could send money using this thing internationally to anyone why would I need bitcoin?
The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
Seems like this could be a good thing for people living in the USA. If I could send money using this thing internationally to anyone why would I need bitcoin?
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