In case you guys are not yet informed, the US Federal Reserve is launching its very own real time payments system - The FedNow.
What do you guys think? Is this a crypto killer? Or is it a sign of the weakening federal reserve and perhaps signaling the increasingly failing trust in the traditional monetary system by the common public?
What are the implications of this payment system? Is it a payment processor for a consortium of companies? Or is it another Paypal - but only gov. backed?
The full PR can be found here : https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm
While it is scheduled for a 2023 - 24 release, I am sure this payments system could have a decentralized core, but would it be blockchain-based?
Looking forward to interesting reactions to this news.
Topic: FedNow - Crypto Killer or Signs of a weakening Fed Res? - page 2. (Read 243 times)
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