[SaveFerris]

I'm not saying the Central Bank Digital Currency will be one o the last few things left standing.

Because that would like, be, like, tinfoil.

Now admittedly it's just a guess.



Long-awaited Fed digital payment system to launch in July (2023)

The Federal Reserve’s digital payments system, which it promises will help speed up the way money moves, will debut in July.

FedNow, as it will be known, will create “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin, who is the program’s executive sponsor.

The system will allow bill payments, money transfers such as paychecks and disbursements from the government, as well as a host of other consumer activities to move more rapidly and at lower cost, according to the program’s goals.

Participants will complete a training and certification process in early April, according to a Fed announcement. (more at link - yes CNBC)

https://www.cnbc.com/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html

[Rusty0604]

In “Huge” Chinese Push By Aramco, World’s Biggest Oil Producer Will Build $10BN Petrochemical Complex, Buy 10% Stake In Top Chinese Refinery

In what has been dubbed a “HUGE push” by the Saudi state-owned petrochemical giant into China’s economy, Saudi Aramco surprised the world with a double-header of pro-China news: first, Aramco said it will build a $10 billion refinery in China and, just hours later, it revealed that it would acquire a stake a 10% stake in a Top Chinese oil refinery.

The news come as Saudi Arabia is on the verge of dethroning the petrodollar and accepting payment in Yuan for Chinese oil sales.

https://www.zerohedge.com/markets/huge-chinese-push-aramco-worlds-biggest-oil-producer-will-build-10bn-petrochemical-complex

[Waverunner]

I see Nigeria has a digital currency program. This must be good news to the “ prince who has won the lottery and only needs help transferring it to your country”. as Ed would say “Hiyoh”.

[sten]

this is disingenuous.

the article at cnbc talks about FedNow, a new express payment mechanism that uses the existing monetary system but does the transactions electronically.

this is a far cry from digital currency or centralized crypto currency.

for one this, FedNow gives no access to your money other than what you send them. they cannot access your ‘digital wallet’ and all your digital currency it contains... as there is no digital wallet nor any digital currency.