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Comment by grafmax

4 hours ago

Another argument for turning finance into a public utility. Instead we have different factions of rentier capital competing for who gets to parasitize us.

>Another argument for turning finance into a public utility

There already is a public option in the US, FedNow. In EU there's SEPA instant.

  • Not quite. FedNow is public payment infrastructure for institutions. Apple Pay is consumer-facing.