Federal Reserve Announces Their New Money Transfer App FedNow

The federal Reserve just announced their new money transferring app called FedNow will be available this summer.

The service will be similar to Cash App when it comes to transferring money over to another customer and you could also make bill payments.

This announcement comes days after the founder of Cashapp was murdered in San Francisco.

https://www.google.com/amp/s/www.cnbc.com/amp/2023/03/15/long-awaited-fed-digital-payment-system-to-launch-in-july.html