In its latest effort to expand its role, the Federal Reserve has been working on a billion dollar, 5-year plan to launch a new operation entitled FedNow. The Fed hopes this will allow Americans to send and receive payments within seconds, bringing America’s payments system up to speed with much of the rest of the […]Why the Federal Reserve’s Plan to Improve the Digital Payment System Is Likely to Backfire
In its latest effort to expand its role, the Federal Reserve has been working on a billion dollar, 5-year plan to launch a new operation entitled FedNow. The Fed hopes this will allow Americans to send and receive payments within seconds, bringing America’s payments system up to speed with much of the rest of the […]