Already in place. FedNow provides instant, low cost fiat payments and transfers run by the 12 nodes of the Federal Reserve --- minus blockchain. A privately c

Already in place. FedNow provides instant, low cost fiat payments and transfers run by the 12 nodes of the Federal Reserve --- minus blockchain. A privately controlled blockchain is really a duck out of water. If control is centralized (like with the Federal Reserve), blockchain becomes just another database --- a highly inefficient one. https://www.federalreserve.gov/paymentsystems/fednow_about.htm https://www.federalreserve.gov/paymentsystems/fednow_about.h...