2023-7-20 17:36 |
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
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Bitcoin Magazine counters the Federal Reserve's lawsuit over FedNow parody merchandise, invoking First Amendment rights.
The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, alleging it to have used a trademarked term IP — ‘FEDNOW’ — without its consent. According to the letter, dated Oct.
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
As the United States Federal Reserve (Fed) prepares to launch FedNow — arguably its wholesale central bank digital currency (CBDC) — many analysts and investors are closely watching the potential implications on the cryptocurrency market.
The Federal Reserve has announced that its instant settlement service, dubbed FedNow, will launch by July 2023. Pilot tests are scheduled to begin soon. The post Federal Reserve Sets July 2023 Date for FedNow Instant Settlement Service Launch appeared first on BeInCrypto.
Federal Reserve’s Lael Brainard detailed an upgrade to America’s existing payment system on August 5. The new and improved payment system, dubbed FedNow Service, will be available by 2023/2024. This has riled up Ripple and XRP enthusiasts, more so after Dilip Rao’s tweet about FedNow.