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A comment on Fed announces details of new interbank service to support instant payments.

Re:Fed announces details of new interbank service to support... by cymon on Monday August 10, 2020 @07:52AM (#24108262)
This is quite a shame on the US part to be so much behind the times:

Kenya has had a Real-Time Gross Settlement (RTGS) system for years supported by the central bank which works in near-realtime during working hours, and an even better one was recently introduced by a conglomeration of the local banks which works in real-time 24/7 called Pesalink: https://www.ipsl.co.ke/pesalink ..

[ Parent | on HN ]
Re:Fed announces details of new interbank service to support... by zo1 on Monday August 10, 2020 @09:05AM (#24108807)
Agreed. What's an even bigger shame is that places like the US and UK don't have proper centralized and verified citizen databases and national identification documents linked to it.
[ Parent | on HN ]