[beaner]

As one example, maybe we would have an alternative to ACH, which would allow money to be settled in seconds, instead of several business days. Maybe we could have this at the protocol level (banks) instead of having to use private 3rd party software (Venmo) which emulates this feature but reduces our privacy.

[omarchowdhury]

https://www.zellepay.com/ https://www.zellepay.com/participating-banks-and-credit-unio...

[beaner]

"1 Transactions made between financial institutions in the Zelle NetworkSM typically complete within minutes. If your recipient does not have access to Zelle through their bank or credit union, transactions could take between 1 and 3 days to complete.

Zelle is available to U.S. bank account holders only."

[omarchowdhury]

The participating banks count for a majority share of US bank accounts.