Personally I think FEDNOW is the beginning of taking over everything to do with our personal finances. But this has been openly in the works for awhile. They are saying it’s not mandatory, not going to replace 3rd party payment options, etc. Why should we believe that?
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As FedNow Launches, Fed Reassures Public That ‘Service Has No Relation With CBDCs’
“It also means a record of every transaction that occurs will be put on “record.” In short “big-brother” will know everything you do, your preferences, and how you live your life. To many of us, this amounts to an invasion of privacy.”
More in this article. There has been several articles and opinions out about it in the past months. The more the government attempts to assure that nothing nefarious is happening, the more I don’t trust it.
Yep....can't have any transactions not being tracked by FedNow, can we?
Thx.