nothing about this will be in any way positive for you but its appearing as though no choice is being presented so you'll have to decide what to do when the 'mark of the beast' comes your way;
America’s new digital dollar is almost here as the Federal Reserve gears up to unleash its “FedNow” program at some point between now and next July.
Brannon Howse spoke with Rebecca Walser about the shift, which is right now being piloted in anticipation of a soon full release. Here is how the Board of Governors of the Federal Reserve System describes the FedNow Service:
“The FedNow Service will be available to depository institutions in the United States and will enable individuals and businesses to send instant payments through their depository institution accounts. The service is intended to be a flexible, neutral platform that supports a broad variety of instant payments.”
“At the most fundamental level, the service will provide interbank clearing and settlement that enables funds to be transferred from the account of a sender to the account of a receiver in near real-time and at any time, any day of the year. Depository institutions and their service providers will be able to build on this fundamental capability to offer value-added services to their customers.”
The FedNow Service will be available 24 hours a day, seven days a week, 365 days a year for instant processing. End-of-day balances will be reported on the Federal Reserve’s accounting records for each participating depository institution every business day, while intraday credit will be provided using the same terms and conditions as other Federal Reserve services. (Related: Remember last spring when the Federal Reserve’s entire payment system crashed due to an “operational error?”)............more........
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