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Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com)
submitted 3 years ago by [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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[+] -1 points 3 years ago* (last edited 2 years ago) (3 children)
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  • [–] 1 point 3 years ago (2 children)

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

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