Best overview of FedNow I’ve found so far, if from a ‘crypto’ channel.
TL;DW:
- FedNow is absolutely the base-layer for a future ‘programmable token’, people who think otherwise are mistaken.
- The timeline is in phases, and the timeframe for each phase is not decided.
- Machine learning will be implemented to monitor, limit & control transactions instantaneously and w/o human intervention.
- SVB & Signature were probably targeted because they already used a similar & potentially competing system.
- Tether has a target on its back.