The Federal Reserve is planning to launch 'FED now' in 2023 for instantaneous, 24/7 interbank money transfers using real-time payments (RTP), similar to Zelle, with the stated aim of tracking taxes but also providing safety.
"here's what the government's plan of action will be first they want to ask the SEC the cftc the cfpb and the FTC to take stronger action against the legal activity by encouraging them to work together and share their data with each other so that they can become more super effective the second part of their plan is to ask an agency called Fleck the financial literacy education commission to educate people about the potential dangers of getting started with crypto so I guess it's kind of like a dare equivalent for crypto let me tell you the times bought two pizzas with 10 000 Bitcoins I've never personally heard about Fleck I propose a new marketing campaign Fleck they detect they reflect but most importantly they protect it's my free consultation it'll be popping with Millennials and gen Z trust me bro another step they want to take is have the Federal Reserve launch something called the FED now in 2023 which is a way of sending money instantaneously and be open 24 7 acting as an inner Bank Nationwide Clearinghouse and the way the government wants to do this is using something called RTP which is a real-time payments the way this works is it's an electronic bank transfer between banks that settles instantly one of the technologies that uses RTP is Zell so basically the government wants to create their own version of Zell so they can track and monitor your taxes I mean keep you safe please IRS don't come after me"
