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.
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.
As far as an overlay service goes, Zelle basically fills that niche, and it’s increasing in popularity. I think FedNow is more for larger payments.
Zelle still takes a few days to complete transfers in my experience