February 3, 2023

NFT Virgin Club

News about NFT, Crypto,and AI

Did The Fed Just KILL Crypto?

<img width="1920" src="https://i.ytimg.com/vi/b7WNCmK7EVU/maxresdefault.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Did The Fed Just KILL Crypto?" loading="lazy">The Fed recently announced their FedNow service which will give us instant payments for US...



The Fed recently announced their FedNow service which will give us instant payments for US domestic users. This was huge news as it was their 1st payments innovation since ACH in the 1970s. But all I was wondering was how will this affect crypto? Is it bullish for Ripple and Cypherium like ppl say it is? Or is it super bearish for payment coins, stablecoins, etc.? Well let’s dissect this and see!

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Timestamps:
0:00 Intro
0:31 Fed’s “Crypto Killer”
2:01 Bullish Takes
2:18 Impact on Ripple
4:05 Impact on Cypherium
5:15 No Blockchain Used
5:38 Bearish Takes
5:43 Payment Coins Dead
6:41 Stablecoins Dead?
7:18 CBDCs Dead!
7:50 Final Verdict

#FedNow #Crypto #Ripple #Cypherium