Metallicus secures FedNow transaction certification
The partnership was originally announced in mid-2023 ahead of the launch of FedNow. Go to Source
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Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts
Crypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” t-shirts, hats, and other items. Go to Source
FedNow showcases DLT-powered payments system as service provider
The Federal Reserve wrote that they do not support or endorse any showcase providers that are featured on its website. Go to Source
FedNow “early adopter” list contains no blockchains, but some may integrate later
Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a … Read more
Presidential hopefuls RFK Jr. and DeSantis rally 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. Go to Source Powered by WPeMatico
‘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 … Read more
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 … Read more
