Arguably basic transactional banking with payment rails *should* be a utility, b... | Hacker News

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		pjc50 on March 17, 2023 \| parent \| context \| favorite \| on: Big Banks Agree to Historic $30B Deposit Injection... Arguably basic transactional banking with payment rails should be a utility, but the US shut its postal banking system and people are paranoid about CBDCs. As for the coordination, it's the mirror image of people telling each other to get their money out of SVB.

rswail on March 17, 2023 [–]

When the Fed finally gets FedNow fully up (July this year), basic transactional banking with rails will be a utility.

The equivalent of Mark Cuban is doing about basic pharmaceuticals in California will be able to be done for banking services.

Payroll services will be able to be instant, as well as bill paying.

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