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DENVERPOPS

(13,003 posts)

44. Not if you are the wealthy up to the Uber Rich!!!!!!!!!!

Sat Jul 22, 2023, 08:42 AM

Jul 2023

The offshoring of money is accompanied by credit cards issued to U.S. Citizens by the off shore banks. Congress/IRS years ago passed a law that the U.S. Government and IRS could not access the off shore banks credit card records........

Cute, huh.............

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Federal Reserve launches FedNow instant payment service that could bypass Venmo and PayPal [View all] BumRushDaShow Jul 2023 OP

Participating banks brooklynite Jul 2023 #1

JP Morgan Chase. roamer65 Jul 2023 #38

They will have instant knowledge of every nickel you spend or move bucolic_frolic Jul 2023 #2

I'm sure someone would be happy to receive some Bitcoin from you... brooklynite Jul 2023 #3

Personally I'd rather trust the fed in that regard Major Nikon Jul 2023 #5

+1 sybylla Jul 2023 #10

THIS THIS THIS THIS Effete Snob Jul 2023 #15

The banks already have that Johnny2X2X Jul 2023 #7

+1 sybylla Jul 2023 #11

Yes, this AllyCat Jul 2023 #22

Speaking of PayPal Marthe48 Jul 2023 #23

...and they have the ability to control with whom you can and can't exchange money Dorn Jul 2023 #8

Avoid banks at all costs! unblock Jul 2023 #9

As opposed to your bank? zipplewrath Jul 2023 #12

Tell me you don't know how private banks and credit companies work without telling me sybylla Jul 2023 #13

Yikes bucolic_frolic Jul 2023 #14

You are theoretically correct. But this stuff goes on already with or without FedNow. I'm KPN Jul 2023 #16

Thank you. bucolic_frolic Jul 2023 #18

In what way is the principle "kind of analogous"? muriel_volestrangler Jul 2023 #37

They do now... MiHale Jul 2023 #20

They aready know! Going back to when paper checks were the rule. NM Grins Jul 2023 #25

Did you actually think all that was private before this Fed initiative? paleotn Jul 2023 #30

It's no different than usi g a check, debit card or credit card, PayPal or Venmo ToxMarz Jul 2023 #32

So would Paypal and Venmo DBoon Jul 2023 #40

Not if you are the wealthy up to the Uber Rich!!!!!!!!!! DENVERPOPS Jul 2023 #44

That's OK with me - the US banks must follow US laws FakeNoose Jul 2023 #45

Will they allow legal weed businesses participate jojog Jul 2023 #4

Huzzah - About bloody time. GoneOffShore Jul 2023 #6

I'm sure they already monitor Paypal and the like, Bayard Jul 2023 #17

Give me cash, anyday The Mouth Jul 2023 #19

The suitcases get heavy sometimes. paleotn Jul 2023 #31

Meh The Mouth Jul 2023 #39

Let me suggest you move to Uzbekistan... brooklynite Jul 2023 #41

HA! I was a temporary millionaire in Tashkent when I traded in $200US for some Uzek Sum EX500rider Jul 2023 #55

Will this be better-than, faster-than, more-secure than Zelle? Oopsie Daisy Jul 2023 #21

Can't be faster, I am standing next to some of my customers when they Zelle me, takes about a second EX500rider Jul 2023 #56

They've had this type of thing in Canada for years Sanity Claws Jul 2023 #24

So, 35 banks? Wednesdays Jul 2023 #26

Yesterday was the soft launch Major Nikon Jul 2023 #34

I remember cash. No fee, no bullshit. twodogsbarking Jul 2023 #27

9 out of 10 drug dealers prefer cash Major Nikon Jul 2023 #35

Good to have more options IronLionZion Jul 2023 #28

I refuse to use Venmo or PayPal because it's founder is Peter Thiel Grins Jul 2023 #29

Where can you use Zelle? I've yet to see anyone who accepts it. AllyCat Jul 2023 #43

All the major banks seem to support it. XorXor Jul 2023 #47

Oh, so it's only for sending cash, not purchases. AllyCat Jul 2023 #52

Simply this: The Federal government is ultimately more accountable than any private corporation. n/t TygrBright Jul 2023 #33

But "the Fed" is not the government, is it? AllyCat Jul 2023 #42

That's a popular right wing conspiracy theory. brooklynite Jul 2023 #49

I didn't even think it was RW. Felt like I read it here even. AllyCat Jul 2023 #51

Its an anti-establishment meme... brooklynite Jul 2023 #54

Oh my gosh, what a difference this will make FakeNoose Jul 2023 #36

I print my own cash. So much easier. whenever I run low, I pull out the old plates Wonder Why Jul 2023 #46

Sweet. I had no idea that was an option. XorXor Jul 2023 #48

LOL! AllyCat Jul 2023 #53

This is excellent news Deminpenn Jul 2023 #50