> To put another one out there, there's no universal and practical way to electronically transfer money from one person to another. The only options are cash, c

> To put another one out there, there's no universal and practical way to electronically transfer money from one person to another. The only options are cash, checks, wire transfers and ACH. Wire transfers are expensive and ACH is difficult to use. The FedNow system, scheduled to roll out next year, is designed to fulfill this purpose. https://www.federalreserve.gov/paymentsystems/fednow_about.htm https://www.federalreserve.gov/paymentsystems/fednow_about.h...