Long awaited since when, six months ago?

US folks, know this system has haters but your current system is so backwards and broken. you need to do something

Fantastic!

When you drop the idiotic memes, you realize that FedNow means instant bitcoin to fiat spending off ramps, obsoleting the need to "hold a few dollars for day to day, month to month, etc" spending. You can #GetOnZero dollars once the fintech products on FedNow are built.

And with this obsoleting a lot of the bullshit Lightning startups that predictably no longer have a viable business model will go away and get out of the way of actually useful bitcoin companies!

Don't get me started how they are building Digital IDs.

FedNow is copy/paste from Lightning Network

Fed is building the way for CBDC

I'm curious how this works from account to account if the Fed doesn't have an account per consumer. My understanding is that banks are the ones who manage individual accounts and use wires to settle up in aggregate.

this reminds me of a great twitter thread from Will Reeves:

Everyone will have instant payments, Lightning wins by enabling payments that all other payment rails can’t support.