Philly Fed President Says Bank Cryptos are Inevitable, but the U.S Won’t Take the Lead

“I am looking at the next five years after that. Revealing some 2 months earlier, FedNow assured to provide a common payment processor offering immediate transferability, with none of the drawbacks associated with conventional interbank legacy systems. The CBDC, which has actually been in the works given that 2014, was stimulated into action following Libra’s announcement.

“I am looking at the next five years after that. What comes next? Revealing some two months earlier, FedNow guaranteed to provide an ubiquitous payment processor offering immediate transferability, with none of the disadvantages associated with conventional interbank legacy systems. If this sounds familiar, it’s since it is. The CBDC, which has actually been in the works because 2014, was spurred into action following Libra’s announcement.

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