March 25, 2023



Fed Announces Launch Of ‘FedNow’ Real-Time Payment System, Sparking Debate

Facade on the Federal Reserve Building in Washington DC

Zero Hedge

By Tyler Durden – March 17, 2023

Authored by Tom Ozimek via The Epoch Times,

The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service that will let banks offer customers instantly available funds and execute real-time payments, with critics flagging concerns like lack of cross-border payment processing and raising questions about surveillance.

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Federal Reserve Press Release

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