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Federal Reserve’s payment service FedNow would not replace cash
54 years, 11 months ago

Federal Reserve’s payment service FedNow would not replace cash

Associated Press  

CLAIM: The Federal Reserve is launching a digital currency app, FedNow, that will eliminate physical cash. It’s not a form of currency, nor is it a move towards eliminating cash, the Board of Governors of the Federal Reserve System stated. In recent days, social media users have misrepresented the service, claiming it is a step towards “getting rid of physical …

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