Fed launches long-awaited instant payments service, modernizing system
Fed launches long-awaited instant payments service, modernizing system
The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
Looks like the US is finally catching up to the rest of the world for transferring money
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7It sounds like a platform private companies can use to develop instantaneous peer-to-peer money transfer, as opposed to a true service run by the feds. Either way, the fact that it would allow someone to make a direct payment to another person's bank account anywhere would be a huge upgrade.
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As a Canadian I'm surprised to hear it took this long. Is that why everyone uses venmo?
5CBDC and total control of the populus here we come. Flee to Monero while theres still time. I know once the window closes i wont give my crypto up for any amount of CBDC crap
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