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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[-] kitonthenet@kbin.social 6 points 1 year ago

The banks might choose to make it costly. The fed charges 4 cents per transaction. Ultimately, if your bank charges 25 cents and my bank charges 4 cents, I'll just decline to use your bank for FedNow

this post was submitted on 23 Jul 2023

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