Does Elon Musk (or CEO Linda) know about FedNow? (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by ShittyBeatlesFCPres@lemmy.world to c/technology@lemmy.world

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The Federal Reserve has already launched a small test of near-instantaneous financial transactions. Every time they talk about payments as a future feature of X/Twitter, I wonder if they know that’s getting Sherlocked.

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[-] Dark_Blade@lemmy.world 9 points 1 year ago

It’s honestly amazing how quickly a lot of developing countries have embraced this stuff. Hell, even roadside hawkers in a country like India accept instant bank transfers. It’s ridiculous that the US is so far behind.

[-] Sanctus@lemmy.world 2 points 1 year ago

No, because corporations like PayPal and Meta lobby against it. They got it don't worry about it.
/s

this post was submitted on 23 Jul 2023

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