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Forget the Gossip: Here's the Truth About FedNow

Forget the Gossip: Here's the Truth About FedNow

When I began to hear gossip about the Federal Reserve's FedNow Service, I wondered why it was mired in drama. There were stories about how the Federal Reserve's new service is an attempt to infiltrate the financial affairs of everyday Americans. There were wild tales of how FedNow would shut down CashApp, Venmo, PayPal, and other payment services.