“The FedNow program “is going to replace your paper currency.”
Social media posts
Facebook post. Claim dated 2 Apr 2023.
PolitiFact rated thisFalse
What PolitiFact found
The FedNow Service is an instant payment infrastructure developed by the Federal Reserve. It will not replace paper currency.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 2 April 2023. PolitiFact (United States) looked into it and published its finding on 26 April 2023, 24 days later. Its rating was “False”.
Where the claim appeared
- Facebook posthttps://www.facebook.com/watch/?v=523815316372648
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.