Australia has had a system like this for a few years now. It honestly works really well. I can send money from my bank in Australia and the receiver using a different bank receives it instantly. Amazing for businesses to reduce cash flow issues.
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Yeah it is a superior network to what the Fed has in place.
I am sure the commercial banks can charge a nice fee for using the service too.
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I'm sure they'll consider it. The Australian banks don't (at least for retail) - I do have to say that it is wild when someone sends you money from any bank and it's just there instantly. It's honestly an incredible process.