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Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com)

submitted 3 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world

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

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[–] ididntsayanything@lemm.ee 18 points 3 years ago

It’s so normal that I can’t actually remember it ever being any different. Even before the advent of mobile banking it was the same with internet banking. Instant transfers.

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