FEDNOW Launching THIS MONTH! Is It a Federal Reserve CBDC? What You Need To Know

What is the FedNow system? The new Federal Reserve instant payment system was scheduled to go live in July 2023. Will the Fed keep schedule and what do you need to know? In this video I explain what FedNow is, how it works, and how it will compete with other payment systems like Paypal and Zelle. I'll also answer the dreaded CBDC question for those who wonder if FedNow is a stepping stone to an eventual Central Bank Digital Currency.

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