this post was submitted on 24 Jul 2023
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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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[–] [email protected] 97 points 1 year ago (29 children)

This is wild. Here in the UK we just transfer money from bank to bank in an instant using the banks own app.

[–] [email protected] 10 points 1 year ago (4 children)

How long has it been that way? We've never had that here in the states...

[–] [email protected] 18 points 1 year 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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