{"id":81984,"date":"2023-07-20T17:57:48","date_gmt":"2023-07-20T14:57:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81984"},"modified":"2025-09-12T02:20:51","modified_gmt":"2025-09-11T23:20:51","slug":"fed-launches-its-own-payment-system","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fed-launches-its-own-payment-system\/","title":{"rendered":"Fed launches its own payment system"},"content":{"rendered":"

The U.S. Federal Reserve System announced the launch of its own payments system, FedNow Service.<\/p>\n

\\\"FedNow
Source: Twitter<\/a>.<\/figcaption><\/figure>\n

According to the release, banks and financial institutions can register and use the tool to transfer money instantly to their customers ‘at any time of day and on any day of the year’.<\/p>\n

\n

\u201cThe Fed created FedNow so that in the coming years everyday payments would be processed faster and more conveniently. Over time, as more banks decide to use this new tool, the benefits for individuals and businesses will include the ability for a person to receive their paycheck immediately or for a company to have instant access to funds after paying a bill,\u201d said Federal Reserve Chair Jerome Powell.<\/p>\n<\/blockquote>\n

The Fed had stressed earlier that the FedNow Service is not linked to a CBDC<\/a>. The Fed has not yet decided on the launch of CBDC<\/a>.<\/p>\n

\\\"FedNow
Source: Twitter<\/a>.<\/figcaption><\/figure>\n

\u0412\u043f\u0435\u0440\u0432\u044b\u0435 \u043e \u0440\u0430\u0437\u0440\u0430\u0431\u043e\u0442\u043a\u0435 FedNow Service \u0424\u0435\u0434\u0440\u0435\u0437\u0435\u0440\u0432 \u0441\u043e\u043e\u0431\u0449\u0438\u043b \u0432 \u0430\u0432\u0433\u0443\u0441\u0442\u0435 2019 \u0433\u043e\u0434\u0430.<\/p>\n

Robert F. Kennedy Jr., a candidate in the current US presidential race, criticised the idea<\/a> of launching a digital dollar and wrongly linked it to FedNow Service.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Federal Reserve System announced the launch of its own payment system, FedNow Service.<\/p>\n","protected":false},"author":1,"featured_media":81985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249],"class_list":["post-81984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81984"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81984\/revisions"}],"predecessor-version":[{"id":81986,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81984\/revisions\/81986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81985"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}