3 ms·
Just googled FedNow and there's FAQ where one of the questions is "Will FedNow replace services like Venmo, Cashap, zelle..." and the answer there is no... whic
by UncleOxidant 3y ago
Just googled FedNow and there's FAQ where one of the questions is "Will FedNow replace services like Venmo, Cashap, zelle..." and the answer there is no... which doesn't make sense if it's suppose to be a way to instantly transfer money. Wouldn't FedNow replace all of those?
- ttyprintk 3y agoPrior commentary: https://news.ycombinator.com/item?id=32510581 https://news.ycombinator.com/item?id=32510581
- ianburrell 3y agoFedNow is the replacement for ETF. It is a service not an app. Venmo, Cashapp, and Zelle apps are built on top of ETF service. Those apps will presumably switch to FedNow. It is will likely be integrated into bank apps sort of like Zelle is now. I really hope that different apps will be able to send money to each other.