The FedNow system, operating on existing payment rails and frameworks, does not expand the reach of the U.S. dollar, nor expand the potential number of dollar-based transactions that are possible ...

It’s called the FedNow payment system," said the speaker in a video posted April 6 on TikTok. The speaker also says its purpose is for the government to track how Americans spend their money.

Britain already has a version of this, since non-bank payment-service providers can apply to use the Bank of England’s real-time payments system. As with many technologies, digital finance may ...

Central bank digital currencies can improve payment systems as well as financial inclusion—if they are appropriately designed. If not, they could pose risks. While not all countries may see an ...