Posts and threads like this make me so happy to be using the payment stack that is in the UK. We have the Faster Payments scheme which now allows moving £1milli

Posts and threads like this make me so happy to be using the payment stack that is in the UK. We have the Faster Payments scheme which now allows moving £1million pretty much instantly (no card fees). And now we have open banking which makes creating bank transfers like this trivial for the end user [disclaimer, I work for a leading open banking API company in the UK] and the right API can be just as easy as stripe to use I guess it's in part helped that we were stuck with only a few old major banks until the last decade when the technology was ready for the new challenger banks to actually offer new interesting ideas. I think the US is stuck with thousands of smallish banks that somehow need to send cash between themselves.