Shake747

joined 1 year ago
[–] [email protected] 7 points 7 months ago (1 children)

No eye damage in Ottawa, just brain damage

[–] [email protected] 3 points 7 months ago (20 children)

It re-creates the same divide, and will go full circle

[–] [email protected] 3 points 7 months ago
 

FedNow appears to be launching July 23, 2023. To me, it doesn't seem very good in the sense that the Fed now gets to be a middle man to payment transactions (sure it's "instant" but we're all aware that security != convenience).

It's also a "centralized" solution.

It could be a stepping stone to a centralized digital bank currency is my fear. And also the fed will now be able to see/monitor all transactions through it.

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