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by User23
1908 days ago
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The entire US payments system is a co-op payment network[1]. The Federal Reserve is owned by its member banks and they handle clearing for some absurdly large number of transactions. They use a slightly different nomenclature, but pragmatically it's a member owned co-op. [1] https://www.federalreserve.gov/faqs/about_14986.htm |
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