Sometimes a standard _is_ a technology. e.g. the shape and electrical characteristics of a plug, and what it enables when this is widespread. e.g. is Open Bank

Sometimes a standard _is_ a technology. e.g. the shape and electrical characteristics of a plug, and what it enables when this is widespread. e.g. is Open Banking (1) a technology or a European Parliament directive? It's a bit of both. To paraphrase you: The US government couldn't yet regulate its banks into (the social advantages of adopting a uniform technology of) fast transfers. It's coming but the US is hardly at the forefront of this (2) Nigeria has one already (3) 1 ) https://en.wikipedia.org/wiki/Open_banking https://en.wikipedia.org/wiki/Open_banking 2) https://www.frbservices.org/financial-services/fednow/about.html https://www.frbservices.org/financial-services/fednow/about.... 3) https://nibss-plc.com.ng/about https://nibss-plc.com.ng/about