I’m from the government… and I’m here to help.
Discussion
🤡🌎
I wonder who’s building the back end for them?
This system is supposedly an alternative to a CBDC digital payments system. Here’s a little site they cooked up to learn about it. https://explore.fednow.org/explore-the-city
Alternative to a blockchain based system***
Wow. So many peopke will get lost in this. If only they had an alternative? 😢
It’s the Real Time Gross Settlement mechanism (RTGS) . Which “may” set the stage for CBDC’s.
That’s all we really know ATM.
“The FedNow Service will launch with a robust set of core clearing and settlement functionality and value-added features. **More features and enhancements will be added in future releases to continue supporting safety, resiliency and innovation in the industry as the FedNow network expands in the coming years**
It’s gross alright
Damn near Orwellian