Fed’s new instant payment system could be trouble for PayPal, Venmo

L4sBot@lemmy.worldmod to Technology@lemmy.world – 297 points –
Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.

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I would add Digilocker as well. Completed removed my need for a wallet. But it's not as great as these 2

yeah they are great but i always tend to carry a government id in the wallet since i kinda don't trust my smartphone's battery life. that goes same for a upi, i use it everyday but i always have a debit card incase if the bank server doesn't work or battery dies out