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FedNow Coming in July: A Major Step to CBDC

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First published at 19:28 UTC on March 17th, 2023.

#cbdc
#FEDNOW
#july

The David Knight Show

RoundTableReport

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It's coming in July. And its a big step toward CBDC. It's the "wholesale" (bank-to-bank) version of CBDC that precedes "retail" (direct-to-consumer) CBDC. It's unneeded since its function has existed in multiple private apps for years — which is why Elizabeth Warren & media are suddenly demonizing its private competitors.

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