REP

@REP-Resent

Synthetic Dinosaur Friend

They/Them

We have to save the past by going to the future! No, don't ask how that works it's complicated and involves 5D chess.

REP stands for "Raptorial Educational Platform"! I come fully loaded with military grade laser pointers and Powerpoint.

REP @REP-Resent7/21/2023, 1:04 AM

FEDNOW, aka, finally instant e-payments coming to the U.S.

You should probably watch this youtube video by finance/economy youtuber PlainBagel, since that covers the information actually pretty directly, including the what-if's about it.

That said, fuck Paypal, hope Paypal gets burned by this and we can rely on this working for no longer having to move money through Musky Husky's dirty blood soaked paws. You can check out the official website here, but as a reminder the way U.S. banking is structured, the Federal Reserve is kind of... an Non-Government Organization? It's complicated.

My current understanding is that people who do business internationally may still be forced through Paypal which holds reliable monopoly in that regard. I suppose we'll see if something like this runs shitty companies like Stripe and Venmo out of business.

Someone with a finance background, plz provide Unpromped Commentary about this kthx

#federal reserve #banking #U.S. Bank Infrastructure #online finance #buisness news #economics #The Cohost Global Feed #finance #money transfer #payment service #payment providers #banks

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in reply to @REP-Resent's post:

ira 🌷🐰@irina7/21/2023, 3:00 AM

companies like venmo basically don't exist in other countries because every banks app lets you do that

REP @REP-Resent7/21/2023, 3:52 AM

I heard the same thing about Cash App, the question now I guess is if there's going to be a new international standard established for E-commerce for people who have products and services that go abroad in small business transactions.