“In America our own (central bank digital currency) system is going to be launching July 1. It’s called the FedNow payment system.”
Social media posts
a TikTok video. Claim dated 6 Apr 2023.
PolitiFact rated thisFalse
What PolitiFact found
A central bank digital currency system is not launching in July, nor has one been proposed by The Federal Reserve System. The FedNow Service is a separate initiative that is an instant payment infrastructure.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 6 April 2023. PolitiFact (United States) looked into it and published its finding on 14 April 2023, 8 days later. Its rating was “False”.
Where the claim appeared
- TikTok videohttps://www.tiktok.com/@expatcrypto/video/7218911374427163946?q=fednow%20social%20credit%…
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.