Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com
The Fed's goal is to connect 9,000 financial institutions nationwide.

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

    • Chaotic Entropy@feddit.ukEnglish
      23·
      1 year ago

      In other countries the incentive is to get you to pay your taxes, in the US the incentive is to get you to pay tax filing companies.