====== FedNow ======

{{ ::fednow.png?200|}}

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 =====
 
  * [[https://explore.fednow.org/|Website]]
  * [[https://en.wikipedia.org/wiki/FedNow|Wikipedia]]