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Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service

Posted on 07/25/2023

Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service

The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC).

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