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I think the question you are really asking is if payment rails should be a public utility or publicly owned (government run) service.
by Schnitz 2y ago
I think the question you are really asking is if payment rails should be a public utility or publicly owned (government run) service.
- jordanb 2y agoThis is basically what FedNow is. You've probably heard a lot of really bad things about it. The people who say these things probably are incentivized to do so.
- drstewart 2y agoThis is the opposite of what iDEAL is, since it's privately owned by a consortium of banks (https://en.wikipedia.org/wiki/Currence https://en.wikipedia.org/wiki/Currence). You've probably heard a lot of really good things about it. The people who say these things probably are incentivized to do so.