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submitted 1 year ago by L4s@lemmy.world 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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[-] ididntsayanything@lemm.ee 94 points 1 year ago

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

[-] MasterObee@lemmy.world -1 points 1 year ago

Same with us. I don't know what these other folks are talking about. I transfer seemlessly between my accounts at different banks.

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this post was submitted on 24 Jul 2023
298 points (99.0% liked)

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