Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard

The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions across the country to support the widespread availability of this service for their customers over [...]

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CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full [...]

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US Fed To Launch FedNow In July, Countering Ripple?

FedNow Launching In July FedNow is a service that allows banks to transfer funds speedily across the broader financial system in the country. Described as a “modern” instant payment service, the platform was first announced in 2019, but the Fed plans to activate the service in the next few months.  From the first week of [...]

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Federal Reserve confirms July launch for FedNow instant payment service

The United States Federal Reserve has confirmed a July launch date for its long-awaited instant payments system, seen by some as an alternative to central bank digital currencies (CBDCs) and stablecoins. The instant payment network will settle payments in seconds and can support transactions between consumers, merchants and banks. It does not rely on blockchain [...]

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Privacy should be considered in ‘potential retail CBDC’ — Treasury official

U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.

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Metallicus acquires fintech operator connected to 70 credit unions

The acquisition brings Metal Blockchain solutions to Bonifiis portfolio of credit unions.

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Presidential hopefuls RFK Jr. and Ron DeSantis rail against FedNow

The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.

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FedNow is a “Broadside Against Crypto” Argues Robert F. Kennedy Jr. and Ron DeSantis

The Federal Reserve is adamant that FedNow is not related to digital currencies.

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Metallicus secures FedNow transaction certification

The partnership was originally announced in mid-2023 ahead of the launch of FedNow.

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Federal Reserve Requires Approval for Banks Engaging in Stablecoin

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‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including [...]

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Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny

Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that this is the first step in banning and seizing [...]

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US presidential candidate Robert Kennedy says FedNow is first step to banning Bitcoin

Robert Kennedy Jr. — a presidential candidate in the United States — believes the Federal Reserve’s digital payments system “FedNow” is the government’s first step to banning Bitcoin (BTC). According to Kennedy, people should not be blinded by claims that FedNow would be initially restricted to interbank transactions. He pointed out that this could be […]

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Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital [...]

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US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’

Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way of issuing such a currency without legislation. U.S. Representative Warren Davidson:

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Federal Reserve Certifies 57 Organizations For Instant Payments System ‘FedNow’

The United States Federal Reserve has made a significant announcement regarding the certification of 57 organizations, including financial institutions and service providers, for the highly anticipated launch of the FedNow Service.  With major players in the banking industry, such as JPMorgan Chase, Bank of New York Mellon, US Bancorp, and Wells Fargo, among the certified [...]

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FedNow Payment System’s Early Adopter List Excludes Blockchain Firms

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