No. The newest FedNow Solution isn’t connected with a digital money. The brand new FedNow Service was an installment services the newest Government Reserve was and come up with available for banking companies and borrowing from the bank unions so you’re able to transfer funds for their clients. It is similar to other Government Set-aside fee functions, for example Fedwire and you may FedACH. Brand new FedNow Service is neither a type of currency neither good action into reducing any style out of payment, together with dollars.
A great CBDC is a digital brand of central bank money you to was widely accessible into the public. “Central bank money” describes money that is a liability of one’s main financial. Fortsett å lese Board out of Governors of one’s Federal Set-aside System