UK regulations forced banks to create APIs for money transfers, and UK banks now have instant free transfers: https://en.wikipedia.org/wiki/Faster_Payments http

UK regulations forced banks to create APIs for money transfers, and UK banks now have instant free transfers: https://en.wikipedia.org/wiki/Faster_Payments https://en.wikipedia.org/wiki/Faster_Payments USA is just bad at governing. Tries not to tell corporations what to do, so it ends up with toothless half-assed laws that do nothing except being a tool for regulatory capture.