Fednow – DIGIT INFO

Metallicus acquires fintech operator connected to 70 credit unions

DIGIT — Fri, 20 Dec 2024 18:53:38 +0000

The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.

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Metallicus secures FedNow transaction certification

DIGIT — Tue, 22 Oct 2024 20:33:31 +0000

The partnership was originally announced in mid-2023 ahead of the launch of FedNow.

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Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts

DIGIT — Fri, 03 Nov 2023 18:17:02 +0000

Crypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” t-shirts, hats, and other items.

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FedNow showcases DLT-powered payments system as service provider

DIGIT — Mon, 14 Aug 2023 12:24:48 +0000

The Federal Reserve wrote that they do not support or endorse any showcase providers that are featured on its website.

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FedNow “early adopter” list contains no blockchains, but some may integrate later

DIGIT — Fri, 30 Jun 2023 23:20:11 +0000

Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers.

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Privacy should be considered in ‘potential retail CBDC’ — Treasury official

DIGIT — Wed, 14 Jun 2023 04:12:06 +0000

U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.

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CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

DIGIT — Sun, 16 Apr 2023 19:30:05 +0000

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full […]

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US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil

DIGIT — Tue, 11 Apr 2023 16:49:59 +0000

On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a […]

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Presidential hopefuls RFK Jr. and DeSantis rally against FedNow

DIGIT — Tue, 11 Apr 2023 04:06:11 +0000

The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.

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‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

DIGIT — Sun, 09 Apr 2023 14:35:03 +0000

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]

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