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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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[–] 6 points 3 years ago

The US has this, it's called Zelle, every bank seems to have it, and it's instantaneous. For some reason it's just not popular, probably because Paypal and others are already entrenched.

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