this post was submitted on 10 Aug 2025
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[–] BombOmOm@lemmy.world 28 points 16 hours ago (2 children)

FedNow became a thing just two years ago. With transaction fees of just $0.043/transaction, it's cheaper than every other payment processor out there. Hopefully it can gain adoption and push out Visa/Mastercard.

[–] PolarKraken@lemmy.dbzer0.com 6 points 12 hours ago

Interesting. Good to have a less rent-seeking option, not sure I love the idea of the Fed just (assumedly) having access to all my transactions, though.

[–] b3an@lemmy.world 1 points 20 minutes ago

What prevents them from getting bigger and doing the same thing. This cycle of sadomasochism needs to stop at the root cause.