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Federal Reserve's FedNow will integrate with Metal Blockchain
11.5.2023
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
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...
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
11.4.2023
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...
Presidential hopefuls RFK Jr. and DeSantis rally against FedNow
11.4.2023
The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy
‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
9.4.2023
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...
Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny
8.4.2023
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...
Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard
6.4.2023
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...
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
22.3.2023
According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make...
‘Crypto FUD’ — Industry outraged as White House report slams crypto
22.3.2023
The report included 35 pages seemingly aimed at debunking the merits of crypto assets
Federal Reserve confirms July launch for FedNow instant payment service
16.3.2023
The Fed Now service aims to reduce the gap in payment time between US financial institutions
U.S. Federal Reserve’s Real-Time Payments System Coming In July
15.3.2023
The U.S. Federal Reserve is activating its long-awaited real-time payments system in July, the central bank said in a Wednesday statement, marking a transition that some have seen as a government challenge of the crypto sector’s instant-transaction advantages
Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch
14.3.2023
The New York-based fintech said it will provide an API to allow clients to access the new Federal Reserve real-time payment service when it premiers
Federal Reserve’s FedNow Set for Mid-2023 Debut
29.8.2022
The instant payments service is currently being piloted by 120 firms, including banks and payment processors
Next Step Mobile Surveillance: How You Walk, Your Heartbeat – Why Bitcoin Matters to Combat Government Privacy Invasion
26.2.2020
It may sound like something from a dystopian cyberpunk movie, but payment providers could soon be validating transactions by the way users walk, their heartbeat, veins, and more. Mastercard has recently revealed they “have been testing heartbeat, vein technology, and the way people walk...
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
9.2.2020
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018...
Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official
8.11.2019
The Federal Reserve should urgently launch its own real-time payments system ahead of Facebook and Wall Street, says FTC Commissioner
Ron Paul Slams Fednow Payment System and Encourages Crypto Competition
15.8.2019
Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received...
US Unveils FedNow, Bitcoin Cash Vs. Coinbase | Coffee and Crypto
12.8.2019
In this week’s “Coffee and Crypto,” Olivia and Molly Jane explore the Fed’s plans for a real-time payments system, and the alleged leak of Binance’s KYC data
FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto
8.8.2019
The U.S. Federal Reserve’s new real-time payments service likely isn’t going to substitute crypto, although it does play the same ambitious card