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EU seeks to make 10-second instant bank payments a reality (www.euronews.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[-] [email protected] 1 points 2 years ago

10 second instant? I hope at their next restaurant outing they get meat fresh from the can.

[-] [email protected] 2 points 2 years ago

Think the instant part is supposed to be "relative to status quo". Comparing it taking hours-days and 10 seconds makes it seem instant

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[-] [email protected] 1 points 2 years ago

This has been a thing for years in Russia, what the heck?

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[-] [email protected] 1 points 2 years ago

I do not understand how I can transfere money instantly theogu an app but the bank needs a few days to do so (unless I pay a fee for instant transfere). I can't imagine it costing the more to transfere my money now than have it done during the night

[-] [email protected] 0 points 2 years ago

It doesn't. But at the same time the app you use doesn't transfer money at all. It just shoves ious around.

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this post was submitted on 09 Nov 2023

235 points (98.8% liked)

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