What’s Wrong With FedNow? Everything

from from FEE on 2023-08-20 13:00 (#6E0KT)

Seamless money transfers? State of the art security and tracking features? A hassle-free payment service backed by the Fed? No annoying third-party systems? What's not to love about the Federal Reserve's new FedNow Service?

Quite a lot, actually.

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