FedNow Digital Payment | NEWS BEHIND THE NEWS August 11th, 2023

What if the convenience of instant payments could potentially lead to an erosion of your privacy? Brace yourself for an enlightening episode where we dive into the implications of the US Federal Reserve’s new digital payment system – FedNow. We dissect how this instantaneous money transfer system works and its transformative potential for contracted service workers. But it’s not all rosy; we delve into the potential charges for these speedy transactions, the possible competition with PayPal and Venmo, and the wider impact on individual and business finances.

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