CONCERN FED COIN --- world’s most influential Central Banks have been studying… learning… and obsessing over cryptos for the last decade.
Bank for International Settlements (BIS) — better known as the “Central Bank of Central Banks” — recently issued a stern warning to cryptocurrency developers, saying “if digital currencies are needed, central banks should be the ones to issue them.”
Central Bankers intend to kill cryptocurrencies.
Why? Because cryptocurrencies exist beyond the whims of government bureaucrats… because cryptocurrencies can’t be impacted by the Federal Reserve’s printing presses… because cryptocurrencies aren’t influenced by changes to interest rates… or quantitative-easing measures… or adjusting the money supply…
Therefore, cryptocurrencies must die.
To that end, development of a U.S. central bank digital currency (CBDC) — a.k.a. FedCoin — has already begun. Yet to launch a digital dollar, the Fed needs a banking platform upon which transactions can settle instantaneously.
The launch of FedNow promises to deliver such a real-time platform.
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