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CGMthrowawayyesterday at 8:47 PM1 replyview on HN

>It boggles my mind that the government has privatized currency to these people.

That's the banks (lenders), not the payment networks.

>Crazy-person-but-actually-really practical-idea: Nationalize one if these networks. Maybe Discover.

The central planners want to. It's called FedNow.


Replies

ZeWakayesterday at 10:36 PM

FedNow is the backend behind the "instant" transfers you see between some banks these days.