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

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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[-] blackfire@lemmy.world 3 points 1 year ago

Bad news for you. Many countries already have this and PayPal is still super convienient way to pay for stuff. We have standing orders for reoccuring payments to companies direct from bank but otherwise its still done with apps

this post was submitted on 24 Jul 2023
298 points (100.0% liked)

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