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 1 year ago* (last edited 1 year ago) by ShittyBeatlesFCPres to c/technology
24 comments fedilink hide all child comments
 

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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[–] cyd 11 points 1 year ago (1 children)

It's also great for splitting checks at restaurants, paying for odd jobs, and paying street vendors. Many countries already have instant payments, so it would be nice if it caught on in the US, but you never know

lots of nice things don't catch on in the US for one reason or another.

[–] [email protected] 4 points 1 year ago

for one reason or another

Money. The reason is money.