#fednow

[metalheadsforblacklivesmatter]

FedNow will be released July 1st and when it's implemented the US government will be able to see ALL exchanges of money that aren't cash payments. Which means if you're disabled and on SSI or SSDI and are trying to crowdfund your expenses (because SSI and SSDI don't pay enough to survive) the US government will be able to see ALL of that and deducted that from your SSI payments (meaning you'll get less money).

Please sign this petition to end FedNow.

I'm not even on disability or at risk of needing it. But this is a huge invasion of privacy. Especially because a lot of my meds have to be ordered and delivered by mail (I get them from a special compounding pharmacy) which means I don't have the option of cash payments and it's none of the government's goddamn business how much my meds cost.

I looked to see if it was open to public commentary but it's not (commentary closed in 2021). So please call your representatives. Even if you have conservative representatives. Even Republicans are hating this proposal as a huge invasion of privacy.

Call them. Email them. Don't let that social anxiety get to you. They're YOUR representatives and they are here to represent YOU.

-fae

[darkwhimsycreations]

https://explore.fednow.org/ <---- more about FedNow

Everyone should be calling and emailing their representatives about this. It is not mandatory as of now so we still have time. Make a big deal out of it like the RESTRICT Act, they go hand in hand. If even conservatives are going against the restrict Act after all the emails and calls they received, we can do the same thing with this. You can use chatgpt to help you write a letter if you need it.

https://www.house.gov/representatives/find-your-representative

[brianbachochin]

Prophecy Brief: Will the digital currency be the Mark of the Beast?

Scripture: Genesis 11, Rev. 6:1, Rev. 13, Daniel 9:27, Daniel 11:31, 12:11, Matt. 24:15, 2 Thess. 2, Rev. 14:9-11

[ancienttheblackangel]

[blckbuzinessdistrict]

Shifting Your Bank Accounts to FedNow Without Your Knowledge - by Lynett...

[birdsoftwaresolutions]

The Federal Reserve has officially launched its much-anticipated Central Bank Digital Currency (CBDC) called 'FedNow.' 💸💻🌐

As a groundbreaking step towards a more efficient and secure financial system, FedNow will revolutionize the way we make transactions and pave the way for a digital economy.

[wack-ashimself]

.... they want the panic. Signing my final paperwork for my yearly low income housing renewal. It goes swimmingly. But there's no real new paperwork for what the Federal Reserve is going to do with the Fed now. Making a digital currency and it harder to pay in any other form for rent. So I asked them what is their plan. They literally have not heard a single thing. Even though it's supposed to be implemented in july. How do you not tell your government workers on what they're supposed to do when the Federal Reserve is trying to change our entire economy and currency? We have millions of news channels, but nobody is talking about one of the biggest changes since the fed established in 1913. I said because they want the panic. Because they know no matter what happens, people are going to suffer from this. But if there's a panic, they won't know who exactly to blame. They can control chaos. They can't control unification.

[9to9imall]

#UPI

economy

[at-the-end-of-days]

I had a dream that the U.S. announced the end of paper money in 2035.

At this point I just feel paranoid. Reading everything about the FedNow banking system.

[brianbachochin]

Prophecy Brief: The upcoming BRICS vote

[ultragamerz]

Hbar, does the technicals support a higher price in 2023?

New Post has been published on https://www.ultragamerz.com/hbar-does-the-technicals-support-a-higher-price-in-2023/

Hbar, does the technicals support a higher price in 2023?

Hbar, does the technicals support a higher price in 2023?

Hbar now is showing strecnth and trying to reach its main resistance around $0.85 and if it breaks above it the possibility of a bullish case would be increased substantially. The target for the next stop if it break is around $0.2.

HBAR, the native cryptocurrency of the Hedera Hashgraph network, has been in high demands in recent months. This is due to a number of factors, including the growing adoption of Hedera by major financial institutions, the upcoming launch of the FedNow system, and the increasing popularity of decentralized finance (DeFi).

Hedera is a fast, secure, and scalable blockchain platform that is well-suited for enterprise use. It has already been adopted by a number of major financial institutions, including Deutsche Bank, HSBC, and Standard Chartered. The FedNow system is a new real-time payments system that is being developed by the Federal Reserve. It is expected to be launched in 2023 and will allow banks to make payments to each other instantly. This will create a huge demand for a fast and reliable blockchain platform like Hedera.

DeFi is a rapidly growing industry that is based on the use of blockchain technology to create decentralized financial applications. HBAR is a popular cryptocurrency for DeFi applications because it is fast, secure, and scalable. As DeFi continues to grow, so will the demand for HBAR.

All of these factors are contributing to the high demand for HBAR. This demand is likely to continue to grow in the future, which could lead to an explosion in the price of HBAR.

In addition to the factors mentioned above, there are a number of other reasons why HBAR could explode in price. For example, Hedera is developing a number of new features that could make it even more attractive to developers and users. These features include a smart contracts platform, a decentralized file storage system, and a decentralized identity system.

HBAR is also a relatively scarce cryptocurrency. There will only ever be 50 billion HBAR tokens minted, which makes it a good store of value. As the demand for HBAR continues to grow, so will its price.

If you are looking for a cryptocurrency with the potential to explode in price, then HBAR is a good option to consider. It has a number of factors working in its favor, including strong demand, a growing list of use cases, and a limited supply.

[nuadox]

US: Federal Reserve announces new system for instant payments

- By Nuadox Crew -

The Federal Reserve has launched its new instant payment system, called the FedNow Service. 

This system allows banks and credit unions of all sizes to instantly transfer money for their customers at any time of the day, on any day of the year. Federal Reserve Chair Jerome H. Powell stated that the goal of the FedNow Service is to make everyday payments faster and more convenient.

Currently, 35 early-adopting banks and credit unions, along with the U.S. Department of the Treasury's Bureau of the Fiscal Service, have the capability to use instant payments through the FedNow Service. Additionally, 16 service providers are ready to support payment processing for these financial institutions.

When fully implemented, instant payments could offer significant advantages for consumers and businesses. Individuals will be able to receive their paychecks immediately, and small businesses can efficiently manage cash flows without delays. Customers of banks and credit unions that sign up for the service will be able to use their financial institution's mobile app, website, and other interfaces to send instant payments securely.

The FedNow Service operates as an interbank payment system alongside other longstanding Federal Reserve payment services like Fedwire and FedACH. 

The Federal Reserve aims to collaborate with more than 9,000 banks and credit unions nationwide to ensure widespread availability of the service for their customers in the future.

--

Source: Board of Governors of the Federal Reserve System

Read Also

Nomi Health launches real-time healthcare payments platform