So I wanted to share about FedNow and that is because I've seen it mentioned in a few places. There seems to be a little bit of a misconception as to what it is and whether it's good or bad. So essentially in short FedNow is an instant payment infrastructure from that that's been created by the Federal Reserve. Now there's already the equivalent of this in the UK that's existed for a long time called faster payments and basically what it allows to, what it allows is for financial institutions of any size, banks, you name it, to instantly settle payments between them. Now what does that mean for you as a consumer? It means that if you're sending money to a friend a friend or family member and they have a different bank than you, instead of taking days to settle, it's immediate, it's real time. So it's a great benefit. Cost wise it brings things down because it's taking things away from outdated old banking rails and ultimately it's a great benefit. And in terms of, I did see a comparison to the Cash App and quite frankly that's a good comparison. This cash app for financial institutions allows for real-time transfers and so on. Obviously far more sophisticated and a very much more complicated infrastructure, but in terms of what you see as consumer, it's money moving real-time between financial institutions just like you see it in the cash app when you send money and it settles instantly. Obviously, they work in very, very different ways and I'm more than happy to explain how, for now I will leave you with that if you have any questions please do let me know.

I mean having been used the FPS for so long in the UK I'm surprised that the US are just getting this now and I get why there's actually been a reliance on apps like cash app and and and and and such but I think it's gonna be revolutionary for them

This is super interesting to me so thank you so much for sharing are used to work at the taxpayers and unfortunately the tech layoffs in America got to me and I was laid off so I'm really trying to learn more about tech and what's really going on