Date: 2023-04-10T14:36:48Z Creator: Bitfolio Academy
Get ready for a banking revolution! The Federal Reserve’s Fednow rollout will have a major impact on US customers.
First, say goodbye to delays and hello to instant payments.
Second, wire transfers up to $100,000 will only cost the bank 4.5 cents – savings that could be passed on to you!
Third, FedNow will be 100% centralized. But, with the ability to handle tens of thousands of transactions per second, FedNow will be lightning-fast.
Finally, the Federal Reserve will also guarantee transactions up to $500,000 per account, per day.
This will be a game-changing upgrade to the banking industry. While many are concerned about privacy and restrictions on freedom, Fednow will also have a positive impact. Will the positives outweigh the negatives?
Let me know in the comments. 🤔
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