The WingCash platform is a national digital currency platform proposed for use by the Federal Reserve that extends the US dollar into the digital realm. The WingCash Faster Payments Network™ (FPN) is an end-to-end solution which proposes to provide digital fiat currency to improve the U.S. payment system. Using the FPN platform, the Federal Reserve* could distribute digital Federal Reserve Notes (i.e. digital coins and bills) to depository institutions. This new digital capability would permit the Federal Reserve to continue to perform its core function of managing the money supply, while providing clear public benefits through broad-based, non-discriminatory access to an efficient and effective means of electronic commerce.
The FPN is competitively neutral and cost effective. It would enable the Federal Reserve to continue to ensure the integrity of the payments system.
http://fasterpaymentsnetwork.com/
This is not something to get excited about
Do we really want the privately controlled central bank to completely pervert the idea of decentralized cryptocurrencies?
If we allow them, that is exactly what they will do.
What makes decentralized blockchain so beautiful is the fact that there is no central power to manipulate the supply and currency is created without debt attached to it!
These 'FedNotes' will have no supply cap and will be created out of 'thin air', with interest attached...
With BlockChain, We Do Not Need a Central Bank, We Do Not Want a Central Bank
In order to win this Bloodless Revolution, we must be vocal and vigilant!