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FedNow launched over the summer, and it's kind of renewed the debate around real-time payments.
I'll start on the topic of FedNow by saying what I've said many times, which is the United States investing to modernize its money movement networks is a smart thing.
Is Wells Fargo even part of FedNow?
Some popular banks that will use FedNow soon include JPMorgan Chase, Wells Fargo and Peoples Bank.
Source: https://www.moneytalksnews.com/the-governments-first-instant-payment-service-launches-soon/
This week, we saw some movements related to FedNow.
Source: https://techcrunch.com/2023/06/11/consolidation-continues-in-world-of-fintech/
UK, which is the FedNow equivalent in the UK, has been up and running there.