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Isn't FedNow separate from CBDC proposals? Some overlap in purpose but different in function. https://www.pymnts.com/cryptocurrency/2022/cbdc-weekly-feds-bowma
by kipchak 4y ago
Isn't FedNow separate from CBDC proposals? Some overlap in purpose but different in function.
https://www.pymnts.com/cryptocurrency/2022/cbdc-weekly-feds-bowman-says-fednow-makes-digital-dollar-unnecessary/ https://www.pymnts.com/cryptocurrency/2022/cbdc-weekly-feds-...
- jqpabc123 4y agoPotato or po-tato. FedNow is the solution the Federal Reserve is proposing for a "digital dollar". It will only be used for inter-bank settlements.
- kipchak 4y agoFedNow seems to lack some of the juicier potential features of CBDCs, like negative interest rates for individuals in the same way a bank might have on it's account with a central bank.