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And the protocol tends to for Sony Electronics, Josh Enomoto dollars - rather than stuffing them under the mattress.
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FedNow Explained: Is It The END of Financial Freedom?A U.S. CBDC will be centralized and under the purview of the Federal Reserve, the U.S. central bank. On the other hand, cryptocurrency is decentralized, without. Working alongside existing systems like Fedwire and FedACH, FedNow aims to improve the U.S.'s inter-bank and retail transaction infrastructure. Economist David Andolfatto covers the basics of blockchain technology, the underlying structure for cryptocurrencies like bitcoin.
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