FedNow alongside private sector Service
Gesara.news » News » FedNow alongside private sector ServiceNews Date: August 6, 2020
Fed announces details of the FedNow interbank service.
The FedNow Service will be available to banks in the United States and will enable individuals and businesses to send instant payments any time of day, any day of the year through their bank accounts.
The target launch date for the service remains 2023 or 2024, with a more specific time frame to be announced after additional work is completed.
The FedNow Service, alongside similar services provided by the private sector, will modernize the U.S. payment system and bring the benefits of instant payments broadly to communities across the country.
Official website: yemfoundation.org/faq
Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the gold price, there is less price volatility compared to Bitcoin or other altcoins.
A guide to gold-backed cryptocurrency:
Also, Beijing announces a digital currency backed by gold:
We will enter a new era of unprecedented prosperity, cooperation, and peace.
For decades, the same tired voices proposed the same failed solutions, pursuing global ambitions at the expense of their own people. But only when you take care of your own citizens will you find a true basis for cooperation. As President, I have rejected the failed approaches of the past, and I am proudly putting America first, just as you should be putting your countries first.
I am supremely confident that next year, when we gather in person, we will be in the midst of one of the greatest years in our history - and frankly, hopefully, in the history of the world. Thank you. God bless you all. God bless America. And God bless the United Nations.
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