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I think it's likely people will build useful user experiences on top of FedNow. Or migrate existing uses (Zelle?). But it's just the boring settlement system
by loeg 2y ago
I think it's likely people will build useful user experiences on top of FedNow. Or migrate existing uses (Zelle?). But it's just the boring settlement system in the background; not what end customers or businesses interact with directly.
- DesiLurker 2y agoZelle is an alternate payment schema by consortium of major banks. It was introduced a little head of time just to avoid fednow from gaining traction. I'll bet a few years from now they'll attack fednow for being bloated and unused and lobby to marginalize it. Fednow basically means no more overdraft fee. they wont let that happen.