BREAKING: 🇺🇸 FedNow is live👀

"Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts."

https://www.reuters.com/business/finance/fed-set-launch-long-awaited-instant-payments-service-modernizing-system-2023-07-20/