> Insane that the US does not have a realtime payments network

The U.S. invented real-time gross settlement electronic payments with Fedwire in 1915 [1]. FedNow is the newest real-time end-to-end payment system [2]. It launched in 2023.

[1] https://www.federalreservehistory.org/essays/fedwire

[2] https://www.frbservices.org/financial-services/fednow-servic...