graycat on Nostr: It’s a digital currency issued by a central bank. Like paper currency, it ...
It’s a digital currency issued by a central bank. Like paper currency, it represents a liability of the central bank. FedNow is just a service the Fed will be paid for. Also like paper currency, it’s a direct relationship between currency holders and the central bank, unmediated by other banks. FedNow is a service for banks.
Published at
2023-03-21 16:25:44Event JSON
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