FedNow rollout in July 2023. Why is no one talking about this CBDC rollout?
FedReserve will used FedNow to promote CBCD; one of their selling point will be fighting fraud surrounding A2A transactions.
"The Fed plans to roll out additional anti-fraud measures in 2024 and beyond. One feature under consideration, for example, would enable FIs to activate a control setting that rejects payments that exhibit unusual frequency patterns or cumulative value over a period of time. This could address fraudsters’ efforts to work around transaction limits by originating large numbers of low-value payments in a short window."