Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com
The Fed's goal is to connect 9,000 financial institutions nationwide.

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

    • iamakEnglish
      4•11 months ago

      UPI is the best mode of payment. I doubt anyone can change my mind.

      • @spiderman@ani.socialEnglish
        2•11 months ago

        UPI and ONDC are two great things that India has. The latter still needs lot’s of development and attention though.

        • iamakEnglish
          3•11 months ago

          I would add Digilocker as well. Completed removed my need for a wallet. But it’s not as great as these 2

          • @spiderman@ani.socialEnglish
            2•11 months ago

            yeah they are great but i always tend to carry a government id in the wallet since i kinda don’t trust my smartphone’s battery life. that goes same for a upi, i use it everyday but i always have a debit card incase if the bank server doesn’t work or battery dies out

            • iamakEnglish
              2•11 months ago

              Lol makes sense