Is FedNow a Trojan Horse for a CBDC?
The Breakdown
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Introduction of FedNow and Addressing Concerns
This chapter discusses the introduction of FedNow, a new payment system that allows for faster access to funds and guarantees settlement during the day. It explains the difference between FedNow and payment apps like Venmo and addresses concerns about FedNow being a form of CBDC.
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Transcript
