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Federal Reserve confirms July launch for FedNow instant payment service
Cointelegraph.com ^
| March 16, 2023
| Brian Quarmby
Posted on 03/21/2023 8:04:14 AM PDT by Twotone
click here to read article
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1
posted on
03/21/2023 8:04:14 AM PDT
by
Twotone
To: Twotone
2
posted on
03/21/2023 8:07:35 AM PDT
by
Twotone
To: Twotone
Does it involve a number affixed to one’s person?
3
posted on
03/21/2023 8:10:09 AM PDT
by
skr
(Righteousness exalteth a nation: but sin is a reproach to any people. - Proverbs 14:34)
To: Twotone
The Fed has just announced that it will be in DIRECT competition with all other payment systems -- such as Zelle, PayPal, as well as most bank credit cards and of coursed American Express.
A pretense that this is somehow linked to safety is absurd. It is the step among several towards a digital ID, required to do transactions. Tick tock.
To: Worldtraveler once upon a time
I wondered about this, the Fed competing with all the different payment systems out there. It should be illegal.
To: Twotone
They have already done massive damage with “Vaccines” that were put out without enough testing-—————
Here comes an attack on our MONEY-—with the Feds in charge again !!!!!!
I do not trust any of this.
Match it with an electric grid that is already stressed-—IF POWER goes down-—THEN WHERE DOES THE TRANSACTION GO????
To: Twotone
No blockchain. Ripe for major fraud!
7
posted on
03/21/2023 8:14:44 AM PDT
by
Codeflier
(My voting days are over. Let it burn...give the people what they want good and hard.)
To: skr
“ Does it involve a number affixed to one’s person?”
Are you thinking social credit scoring or Number of the Beast? Or both.
To: Twotone
It is enough that we have a Fed regulating banks. This step is a step toward the Fed DIRECTLY regulating us and eventual use of their system to politically restrict OUR payments.
9
posted on
03/21/2023 8:16:44 AM PDT
by
Wuli
To: Twotone
You want to buy a gun? Oops, the system is down and we cannot process your payment at this time...
10
posted on
03/21/2023 8:24:10 AM PDT
by
Yo-Yo
(Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
To: skr
Does it involve a number affixed to one’s person? Yes, six hundred, three score, and six.
11
posted on
03/21/2023 8:25:01 AM PDT
by
Yo-Yo
(Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
To: Twotone
Digital Swift starts this week.
ISO 20022
12
posted on
03/21/2023 8:26:20 AM PDT
by
datura
(Eventually, the Lord and the Truth will win.)
To: Codeflier
It uses the Ripple blockchain
13
posted on
03/21/2023 8:27:34 AM PDT
by
datura
(Eventually, the Lord and the Truth will win.)
To: packagingguy
One observes that the copyright date on the splash page of the "new" agency is 2021. This has been planned for some time, of course, and I expect that we as consumers will react negatively, when a company requires that we use this payment method, as opposed to others.
The Fed lies essentially, saying "The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress."
Ownership is a fundamental fact for freedom. The two logical choices are that some "own" the Fed, or the federal government "owns" the Fed, in the same way that federal land are owned. "By the people," it is said. Except when the "people" are restricted in their access to and use of said "owned" lands.
The tenet of Communism is state ownership. To my view, then, the argument that the Fed is owned by "us" communally is evidence of the pernicious growth of control over the ostensible "owners" -- supposedly us.
To: Twotone
All you assets are belong to us.
15
posted on
03/21/2023 8:35:44 AM PDT
by
E. Pluribus Unum
(The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████. FJB.)
To: datura
It says it doesn’t use blockchain technology. So you think it is just a mistake in the article concerning the method used? I will look into it more.
16
posted on
03/21/2023 8:36:24 AM PDT
by
Codeflier
(My voting days are over. Let it burn...give the people what they want good and hard.)
To: Twotone
Where do we sign up for our “mark of the beast”? I can’t wait to get mine.
17
posted on
03/21/2023 8:41:35 AM PDT
by
VTenigma
(Conspiracy theory is the new "spoiler alert")
To: packagingguy
18
posted on
03/21/2023 8:42:06 AM PDT
by
VTenigma
(Conspiracy theory is the new "spoiler alert")
To: Twotone
Payment in seconds by a single payer could also mean denial of payment in seconds by a single payer, as in refusing to accept payments to an FFL. Not to mention every payment and every receipt of payment will be reported to the IRS instantaneously.
Is there a law authorizing this or regulating this? Or is this just the Fed gone wild?
19
posted on
03/21/2023 8:42:07 AM PDT
by
pierrem15
("Massacrez-les, car le seigneur connait les siens" )
To: Worldtraveler once upon a time
Very good post. I agree and am curious how far along this digital or tokenized program is to being forced on us all. When will our bank force us to go along in order to keep our accounts and credit cards? It sounds like it isn’t far in the future. Evil.
20
posted on
03/21/2023 8:43:19 AM PDT
by
JoJo354
(We need to get to work, Conservatives!)
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