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Fed’s new instant payment system could be trouble for PayPal, Venmo
(arstechnica.com)
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this post was submitted on 24 Jul 2023
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This is wild. Here in the UK we just transfer money from bank to bank in an instant using the banks own app.
How long has it been that way? We've never had that here in the states...
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.