- Transfers can be made at any time of the day.
- US banks are working to create the same system.
- Crypto’s are proving to banks that transactions are capable of moving at instantaneous speeds, forcing the banks to innovate.
Yesterday morning, several banks in Australia started rolling out a new payment system they’re calling NPP, or “New Payments Platform.”
Until now, sending a domestic funds transfer in Australia from one bank to another could take several days. It was slow and cumbersome.See the rest of the story at Business Insider
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