If we had a functioning Federal Government, we need this like yesterday. I know the EU and the China Mainland are showing ridiculous incompetence today but they won't be incompetent forever. Digital Euro and Digital RMB are coming, perhaps as soon as within a decade. We are essentially playing catch up with the US Dollar at this point. Fed Now is a good start but it really is not enough.
What you said, fee free banking + KYC + free instant transacting is something we definitely need, even if it hurts JP Morgan Chase a little bit.
If we had a functioning Federal Government, we need this like yesterday. I know the EU and the China Mainland are showing ridiculous incompetence today but they won't be incompetent forever. Digital Euro and Digital RMB are coming, perhaps as soon as within a decade. We are essentially playing catch up with the US Dollar at this point. Fed Now is a good start but it really is not enough.
What you said, fee free banking + KYC + free instant transacting is something we definitely need, even if it hurts JP Morgan Chase a little bit.