This morning 🌄 I was reading an article saying that FedNow is ready to release their digital currency as soon as July of this year.
Now, I thought it would happen in September or October of this year, but they have stepped up their efforts and decided to start it in just a few months.
The article goes on saying that with the current insanity in the banking sector, this will heal the banking wounds that were caused by SVB and Silvergate.
In a separate article, it was said the FedNow digital currency is NOT based on Blockchain technology, and is different in how it functions.
I have learned over the last 10 years to not believe ANYTHING government tells the public. Especially the FED.
This digital currency IS a CBDC, even though the FED doesn't want to admit it, as they destroy "stablecoins".
Stablecoins are in for a hard road, and as I've said several times in past posts, they will depeg and the reason is because of the digital currency.
The FED has already shut down 2 big crypto banks, and the SEC has their eyes set on destroying crypto as well.
Just look at what they are doing to Cardano at this moment.
First, XRP, (which in reality is a centralized currency, so I don't care about that) then Ethereum, another crypto I have disliked for a while now, and others.
But it's that this attack on crypto that will force crypto users to do one of two things...
#1. Run from crypto.
#2. Start an underground economy.
It's coming to that and we all know it. They want 100% control, and we can either give them the ability, or go it alone.
Thanks for reading, and don't forget to let me know in the comments below your thoughts on the FedNow digital currency, crypto crackdowns, and depegging stablecoins...