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.

    • @jeffwEnglish
      1•1 year ago

      We’re talking about wire transfers, not closing on a mortgage. They take 3-5 days. I pay my loan to Rocket every month

        • @jeffwEnglish
          1•1 year ago

          No, the entire thread is about wire transfers lol. There’s nowhere on Earth where you can close on your mortgage instantly