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

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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[–] surewhynotlem@lemmy.world 3 points 3 years ago

If the money is going from a PayPal account to a PayPal account, why would it have to clear at all?

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