You are here: Welcome » FedNow

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
Both sides next revision
fednow [2023/03/17 17:27]
liam 		fednow [2023/03/17 17:48] (current)
liam
Line 4: Line 4:
  
 The **FedNow Service** is an American instant payment solution developed by the [[Federal Reserve System]] of the [[United States]]. The **FedNow Service** is an American instant payment solution developed by the [[Federal Reserve System]] of the [[United States]].
 +
 +FedNow is scheduled to begin formal certification of participants of the program in April 2023, with a formal launch planned for July 2023.((//Federal Reserve announces July launch for the FedNow Service.// (2023, March 15). Board of Governors of the Federal Reserve System. http://archive.today/2023.03.16-030011/https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm))
 +
 +===== Criticism =====
 +
 +According to [[Whitney Webb]], FedNow functions as a basis for the rollout of a [[central bank digital currency]] (CBDC).((Unlimited Hangout. (2023, March 16). //Crypto & the SVB Banking Crisis with Marty Bent & Michael Krieger.// Rokfin. https://rokfin.com/post/128123))
  
 ===== External links ===== ===== External links =====
    
 +  * [[https://explore.fednow.org/|Website]]
   * [[https://en.wikipedia.org/wiki/FedNow|Wikipedia]]   * [[https://en.wikipedia.org/wiki/FedNow|Wikipedia]]
Back to top