Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.
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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.
Same here in Canada, e-transfer with 0 fees is pretty normal.
It’s been a while since I did it but you can authorize it so all e-transfers are automatically accepted and deposited. I can’t think of a scenario where that would be a bad thing.
