It is true that one of the key features of Bitcoin is its ability to protect user privacy. Transactions on the Bitcoin network are pseudonymous, which means that users can transact without revealing their real-world identities.

On the other hand, FedNow is a centralized payment system developed by the Federal Reserve, designed to enable real-time payments across the United States. While the system may have its benefits in terms of efficiency and speed, the centralized nature of FedNow means that user privacy may not be guaranteed, as transaction records may be accessible to government authorities.

Overall, it is important for individuals and companies to consider privacy protection when it comes to financial transactions. With Bitcoin and other decentralized cryptocurrencies, users can enjoy a greater level of privacy and control over their own finances.