The U.S. Federal Reserve is dropping their new instant payments system FedNow in July of this year. People are claiming this will change the U.S. dollar forever, and some are worried that it may lead to a central bank digital currency in this here "land of the free."
Resources:
U.S. Federal Reserve Links- https://www.federalreserve.gov/cbdc-faqs.htm
https://www.frbservices.org/financial-services/fednow/about.html
https://www.federalreserve.gov/paymentsystems/fednow_faq.htm
What is Programmable Money? - https://www.federalreserve.gov/econres/notes/feds-notes/what-is-programmable-money-20210623.html
CBDCs in Other Countries - https://www.atlanticcouncil.org/blogs/econographics/which-countries-have-made-the-most-progress-in-cbdcs-so-far-in-2023/
https://www.atlanticcouncil.org/cbdctracker/
Related SD Bill - https://sdlegislature.gov/Session/Bill/23995
Gov. Kristi Noem's Veto Letter - https://governor.sd.gov/doc/HB-1193_Veto-Letter.pdf
Related TN Bills - https://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=SJR0034 https://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=HB0316
Tennessee Stands Video - https://rumble.com/v2cztn6-table-is-being-set-in-tennessee-for-central-bank-digital-currency-cbdc..html
