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A comment on Why it's taking so long for Americans to get payments instantly. Parent comment

Re:Why it's taking so long for Americans to get payments ins... by unmole on Sunday December 17, 2023 @01:53AM (#38670927)
> Having many participants in a market simply means that nobody were able to consistently outcompete the other players.

Yeah, no. The tiny bank in Arkansas isn't participating in the same market as the tiny bank in Alabama. But the large bank from New York wasn't allowed to compete in Alabama by state regulators.

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Re:Why it's taking so long for Americans to get payments ins... by WrongAssumption on Sunday December 17, 2023 @03:25AM (#38671253)
Bank of America and Citigroup are in all states, small banks still exist in large numbers.
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