Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com
The Fed's goal is to connect 9,000 financial institutions nationwide.

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

  • @jetsetdoritoEnglish
    7•1 year ago

    In the US we have Zelle which is free and instant, but it’s still a third party your bank integrates