Timothy Sumer

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Scheduled to launch by July 2023, FedNow vastly improves upon traditional interbank settlement systems like FedWire or ACH systems. It offers superior costs, scale, features, and intraday finality. Put simply, FedNow almost completely obviates the need for a US central bank digital currency (CBDC). But what does this mean for Cryptocurrencies (Bitcoin and Ethereum) and stablecoins? ~This episode is sponsored by iTrust Capital~ iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ 00:00 intro 00:24 Sponsor: iTrust Capital 00:55 FedNow Launches in July 01:45 What is FedNow Payments? 03:55 FedNow Details vs CBDC 06:10 China CBDC Digital Yuan 06:54 CBDC Self-Custody? 09:20 Bitcoin Peer-To-Peer Payments 10:00 COVID Killed Cash? 10:49 Cash & Coin Shortage 12:42 U.S. Unbanked Rates 14:12 Cash Withdrawal Bans 15:30 CBDC Fears 16:10 UK Targets Crypto Onboarding 17:42 White House Economic Report 18:15 Caitlin Long on Operation Chokep