FedNow? Future of Central Bank Digital Currency

How’s it going, everyone? Today we’ll be discussing the future of Central Bank Digital Currency!

We’ll also cover the topics of FedNow, other banks, and how this affects you as a fund manager!


Recently, the Federal Reserve announced that they will launch FedNow this July, a 24/7 instant payments service.

Essentially, it’s a venmo or cash app for large wire transactions.

Wires typically take 2 to 3 business days, and are on hold on the weekends. Needless to say, they are not super-efficient.

But with FedNow, corporations will be able to wire up to $5M instantly, and individuals will have a cap of $500k.

JP Morgan, Citigroup, Wells Fargo, and PNC Bank (the “Big 4” banks) have all been highly involved with the upcoming of this service.

However, regional banks have been left in the dark… they have as much information as the outsiders.

“Is this the new central bank digital currency?”

No. It’s just a service that the Fed is providing.


11 countries have already launched Central Bank Digital Currencies (CBDC), 18 are in a pilot program, and 32 (including the US) are in the development stage.

Last November, the US did a 12-week digital dollar test with Citigroup, Wells Fargo, and the New York Fed.

Like I said in my video…

“Almost every developed country is either researching or implementing a CBDC.”

What Does This Mean for Us? (My Theory)

This means that cash would no longer be necessary. All transactions would be performed through a digital blockchain.

This scares me. Why?

Imagine if every single transaction in the US was monitored.

That gives the government…

  • Data
  • Control
  • Ability to Manipulate
  • Ability to Tax everything

Bridger, the US would never do that.”

Well, the US already did this in the 1930s…

The government outlawed gold bullion. Our grandparents were forced to desert the gold coin.

If anyone possessed gold bars or coins, they were forced to give them to the government in exchange for the USD.

Could the same thing happen with that green cash?

War with Crypto

So, I just want to close by sharing my theory on crypto, which seems timely with the rise of FedNow.

Silicon Valley Bank, Signature Bank, and Silvergate all collapsed and the FDIC stepped in almost immediately to shut them down.

All 3 of these banks were heavily invested in crypto. Was this the govt’s way of trying to end crypto-based companies?

Why is the government attacking Coinbase? They have been compliant, but are still getting pushback from officials…

Click here to check out my other theories on these current events!


So, the future of Central Bank Digital Currency seems to be moving fast towards us.

Fund managers should be conscious of these changes and be willing to adjust.

Thanks for reading!

Click here to visit Fund Launch and get help on starting your own fund!


Bridger Pennington

Want to get direct guidance for your fund? Schedule a time with my Fund Advisors!

DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the author

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