The Federal Reserve is launching FedNow, an instant digital payment system. This in itself is not a CBDC, but it puts the framework into place to put all
your money under digital federal control.
With the banking crisis well underway, things are beginning to happen at a dizzying rate. I expect that to continue because it's hard for people to make clear decisions when every day throws them a new curveball. Keep your feet on the ground and don't let this panic you. Instead, learn everything you can and maintain your calm.
Do you think that FedNow will result in the rollout of a federal digital currency? Do you think that CBDC will replace cash and the US dollar as legal tender? Do you find this concerning, or do you welcome it? If you're concerned, how are you preparing for this?