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16 Minutes on the News #5: Fed Real-time Payments, Death of Retail

a16z Podcast

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Intro

This chapter explores the launch of FedNow, a Federal Reserve real-time payment service designed to offer quicker access to funds for individuals, especially those living paycheck to paycheck. It emphasizes the potential for this initiative to enhance financial equity in the U.S. by reducing overdraft fees and improving payment efficiency.

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