Unpopular opinion: FedNow is the superhero we need to save us from a U.S. CBDC.
(Full Disclosure- I used to work for the Fed)
I used to think FedNow was the pre- plumbing of a CBDC -but that’s not right at all.
Here is why:
1. FedNow modernizes interbank payments making them 24/7, 365 days/week
2. FedNow is OPTIONAL for banks.
3. The Fed has been using tech from the 1970s(ACH) for payment. (yikes)
4. Payment challenges during COVID highlighted how unmodern the tech was. This accelerated FedNow dev work.
5. The core rationale for a CBDC, is for instant 24/7 bank payments —-which matches the main use case for FedNow.
6. If FedNow works as planned it could make the development of a CBDC obsolete —-saving millions of tax payer dollars. #bitcoin
GM to those who ask why not YOU. You have everything you need to GREAT. Remember dreamers, you are already enough — so make it a great #Bitcoin day. #vitaminb #vitaminb2023
Everyone thinks they have the solution to “fix” Africa.
But the data shows that Africa has already made its choice.
A truly decentralized, sound hard money that protects the purchasing power of the people. #bitcoin.
Oh the irony of it all. Nigeria’s bank note ban — which was supposed to decrease large scale currency fraud and vote-buying —has created new counterfeiting scammers to prey on vulnerable consumers.
#Bitcoin fixes this.
The truth will set you FREE —but first it will make you mad.
Dev. loans & aid are tools of the West to secure dollar dominance & keep African countries impoverished.
#Bitcoin is a better option, it is a currency designed for global trade in Africa. This is why we #bitcoin.
GM. Today is a new day. Another day change to turn the page, crush a goal, or change your heart. Life is so short. Make sure you are creating moments that matter. Stay purposeful & make it a great #Bitcoin day. #vitaminb #vitaminb2023
Imagine the audacity of using #Bitcoin block space for pay-to-play art when banking, payments & global trade is broken all over the world and #Bitcoin represents our best chance to fix it. #bitcoin #ordinals
Them:#Bitcoin has no real use cases.
Us:#Bitcoin needs Nigeria & Nigeria needs Bitcoin.🇳🇬
[They made us put all our money into our accounts, and now we can't access it. It's unbearable, says Osarenoma Kolawole,40] If there is any bright side to this chaos, I believe it will accelerate #Bitcoin adoption & self-custody practices in Nigeria.