#FedFAQ: Is FedNow replacing cash? Is it a central bank digital currency?
— Federal Reserve (@federalreserve) April 7, 2023
FedNow is not related to a digital currency. FedNow is a payments service the Federal Reserve is making available for banks and credit unions to transfer funds. (1/6) https://t.co/ACBjfEhR4A pic.twitter.com/6b34gV7mrd