>In 2026 it is virtually impossible to quickly move money from one account to another because every single bit of it has to pass through the US Federal Reserve's ancient systems

Which is why FedNow went live in 2024. In 2025 it already completed processing of $864 billion in transactions in real time.

https://www.frbservices.org/resources/financial-services/fed...

2026 is already looking to exceed $1 trillion in transactions.