[digianarchist]

I think you're painting a rosy picture of the Interac system.

It's not instant. Transfers can be delayed for hours in some cases.

It has ridiculously low limits that cannot be raised.

Until recently it had a cumbersome question and answer system with strange character limits for each.

Virtually no businesses use it. You can buy weed (illegally) using it because they can't use credit card processing.

A revamp to the Interac system is in the works which looks similar to the UK faster payments. A frankly much better system.

https://www.theglobeandmail.com/business/article-interac-cho...