Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

  • 9point6@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    ·
    1 year ago

    So in the UK we have had a standard free “instant” payment system between banks for what feels like a couple of decades now (and compatibility with the IBAN for at least half that time). Given that, how has this taken so long? What did people do before Venmo?