> Insane that the US does not have a realtime payments network
The U.S. invented real-time gross settlement electronic payments with Fedwire in 1915 [1]. FedNow is the newest real-time end-to-end payment system [2]. It launched in 2023.
[1] https://www.federalreservehistory.org/essays/fedwire
[2] https://www.frbservices.org/financial-services/fednow-servic...
You conveniently missed GP's follow-up sentence:
> FedNow exists but is supported by handful of banks which charge fees to use the feature.
What good is inventing a feature if almost nobody can use it?