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A comment on China plans to break up Ant's Alipay and force creation of separate loans app. Parent comment

Re:China plans to break up Ant's Alipay and force creation o... by toomuchtodo on Monday September 13, 2021 @02:09PM (#28514717)
The US is working towards Instant Payment infra that will likely end up obviating the need for Paypal and debit cards, no nationalization required.

It's a tragedy instant payments haven't been a utility for this long.

https://corpgov.law.harvard.edu/2020/08/31/fednow-the-federa...

https://www.pymnts.com/news/faster-payments/2021/five-banks-...

https://www.frbservices.org/financial-services/fednow/blog/u...

https://www.frbservices.org/financial-services/fednow/instan...

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