Technology

59582 readers

4407 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

289

Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

87 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] Whirlybird@aussie.zone 10 points 1 year ago* (last edited 1 year ago)

Thank you for this, because as an Australian I was quite confused. We have had "instant" payment systems for as long as I can remember between banks. The US banking and payment system seems stuck in the dark ages.

This didn't kill things like PayPal though, they're completely different services.