Subject: Re: Paypal
There's an article on Seeking Alpha that contends that PYPL is being made irrelevant by the introduction of FedNow, which enables instant settlement at the bank level, similar to the Faster Payments system in the UK. Presumably this would affect all the P2P apps including Venmo, Zelle, Cash App.

https://seekingalpha.com/artic...

FedNow launch is expected in July. I can see this as depressing PYPL's share price in the short-term, but also a headwind over the longer term. Unless I missed something, FedNow charges the sender a 4.5¢ fee per transaction up to $100K. How can anyone compete with that?