this post was submitted on 23 Jul 2023
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Does Elon Musk (or CEO Linda) know about FedNow? (www.cnbc.com)
submitted 2 years ago* (last edited 2 years 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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[–] miracleorange@kbin.social 2 points 2 years ago (1 children)

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.

[–] trafficnab@kbin.social 3 points 2 years ago

Zelle still takes a few days to complete transfers in my experience