FedNow getting launched. CBDC here we come.
(www.federalreserve.gov)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (48)
sorted by:
They said the phrase “instant payment” a dozen times. Doesn’t that already exist
Im going to assume theres significantly less “waiting for a payment clear”
Note that JPM Chase had had “instant transfer” for about 2 years now. They appear the only one with it, and it likely is prototype/testing of this new system. They have it down to about 10 seconds now.
I can sit with a second bank account up in another browser tab, do the transfer from JPM Chase, and see it show up in the second account if I do a refresh after about 10 sec.
Not for ach payments