[computerlab]

I often wonder if the release of Zelle around 2017 (near instant, fee-free transactions between personal and business bank accounts between certain US banks) was motivated by a perceived crypto threat.

[nmfisher]

I mean, that’s been pretty standard in every country I’ve dealt with outside the USA for a long long time.

If anything, I’d say that’s more a reflection of the poor state of the USA banking sector than its currency.

[zht]

vs the rise of Venmo and Square Cash?