![[twitter inside] No article - The U.S federal reserve banking system is launching its own "Cash App" called "Fed Now" in July. [588x622 - 171KB]](https://pic8.co/sh/yQKxHU.jpg){kind=link}
Specifically, FedNow is a "cash app" for banks.
If your bank signs up for it, your money will flow through the FED without you even knowing about it.
Every transaction will be turned into Federal Reserve digital currency and back again.
Specifically, FedNow is a "cash app" for banks.
If your bank signs up for it, your money will flow through the FED without you even knowing about it.
Every transaction will be turned into Federal Reserve digital currency and back again.
[Summary [2:40]](https://vk.com/video594771890_456251353)
[More info](https://poal.co/s/Economy/625439)
(post is archived)