Fedwire, Fedcoin & QFS

in currency •  last year 


Quantum Financial System (QFS)
https://www.patrihub.com/quantum-financial-system-qfs

"The Fedwire Funds Service is the premier electronic funds-transfer service that banks, businesses and government agencies rely on for mission-critical, same-day transactions. Fedwire Funds Service participants benefit from the finality of payments credited to their Federal Reserve Bank master accounts."
https://www.frbservices.org/financial-services/wires/

"The Federal Reserve Banks provide the Fedwire Funds Service, a real-time gross settlement system that enables participants to initiate funds transfer that are immediate, final, and irrevocable once processed. Depository institutions and certain other financial institutions that hold an account with a Federal Reserve Bank are eligible to participate in the Fedwire Funds Services. In 2008, approximately 7,300 participants made Fedwire funds transfers. The Fedwire Funds Service is generally used to make large-value, time-critical payments."
https://www.federalreserve.gov/paymentsystems/fedfunds_about.htm

"The Fedwire Funds Service is the premier electronic funds-transfer service that banks, businesses and government agencies rely on for mission-critical, same-day transactions."
https://app.frbservices.org/financial-services/wires/index.html

"A NEW "Fedcoin" digital currency could replace cash, hurt savers and allow the government to track payments, crypto experts have warned.

President Joe Biden announced the move towards a US Central Bank Digital Currency (CBDC) on Wednesday in a historic executive order on cryptocurrency regulation."
https://www.the-sun.com/money/4867165/fedcoin-replace-cash-hurt-savers-gov-track-payments/

"The future of currency could become completely digital…and not just decentralized currency like crypto, either. The Federal Reserve is studying whether they want to get into the digital currency game, and it has current crypto-holders concerned.

The Fed is considering issuing their own digital currency called Fedcoin.

Fedcoin would be based on blockchain technology.

If you don’t know what blockchain is, here is a brief explanation courtesy of Motley Fool:

The digital and decentralized ledger that records all transactions. Every time someone buys digital coins on a decentralized exchange, sells coins, transfers coins, or buys a good or service with virtual coins, a ledger records that transaction, often in an encrypted fashion, to protect it from cybercriminals. These transactions are also recorded and processed without a third-party provider, which is usually a bank."
https://moneyandmarkets.com/fedcoin-federal-reserve-studying-digital-currency/

'The Fedcoin is HERE': Glenn Beck reveals what the Fed was up to while YOU weren’t watching
https://www.theblaze.com/shows/the-glenn-beck-program/federal-reserve-digital-currency

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