It almost certainly isn't. Nobody's taking FedNow at point of sale.

Nobody is doing anything with FedNow yet because it's not out. But if it works it will grow, just like in the EU where they have similar things and they're used.

When I said "nobody is taking FedNow" I meant nobody is going to be taking FedNow at the point of sale after launch in July. It'll work just fine, but it enables things like Cash App, Zelle and Venmo to avoid using debit rails. It's quite unlikely it'll actually exist at cash registers. Out of curiosity which product are you referring to in the EU? To my knowledge they just use Visa/MC Debit or local debit schemes at point of sale.

Lots of larger purchases use the equivalent of what would be in the USA a routing number and a bank account number.

At which retail point of sale?

I suspect it’s fast cryptocurrency networks. There’s L1s where you can pay on your phone and the transaction goes through in a second and a whole bunch of payment startups.

With 3d secure and SMS verification I would argue that any standard crypto payment is faster than credit card as has been for a while. At least online.