FedNow Instant Payments Are Arriving Along With CBDCs

Knight Writer
4 min readMar 20
Photo by Joshua Sortino on Unsplash

There is no doubt that our financial system is in turmoil right now. We are watching a storm approach, which is about to engulf the entire country in chaos. If you think things are crazy right now, hold your halo… It is about to get much, much worse.

As a matter of fact, I addressed CBDCs a few weeks ago, and how many people never said, no way, and hell no in the comments? Unfortunately, it is being rolled out soon.

Of course, they are not referring to it as CBDCs. Actually, not yet.

It goes by another name and is not quite a federal digital currency. This will be classified as a conspiracy theory, but the Federal Reserve is launching FedNow, an instant digital payment system.

This is not a Central Bank Digital Currency in and of itself, but it does lay the groundwork for the concept to develop into a reality.

According to a press release from the Federal Reserve, FedNow will go live in July.

Hold up, what is FedNow?

Amid the banking collapses, the Federal Reserve issued a press release on March 15th detailing a new instant payment system that will be launched in July. FedNow is the name of that system. Here is what they had to say about it.

In the first week of April, the Federal Reserve will formally certify participants for the service launch. Early adopters will complete a customer testing and certification program, informed by feedback from the FedNow Pilot Program, to prepare for sending live transactions through the system.

The certification encompasses a comprehensive testing curriculum with defined expectations for operational readiness and network experience. The Federal Reserve and certified participants will conduct production validation activities in June to confirm readiness for the July launch.

“We couldn’t be more excited about the forthcoming FedNow launch, which will enable every participating financial…

Knight Writer

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