See SEPA payments in EU: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area... | Hacker News

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		bostik on Feb 23, 2024 \| parent \| context \| favorite \| on: The Fed is behind the Capital One/Discover merger See SEPA payments in EU: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area Or UPI in India: https://en.wikipedia.org/wiki/Unified_Payments_Interface So to answer your question: with law on your side. You limit price gouging, and mandate interoperability with a cheaper system.

arcticbull on Feb 23, 2024 | [–]

SEPA is roughly the same as FedNow, which is has been live for almost 8 months now.

It's not comparable to VisaNet.

kgwgk on Feb 23, 2024 | [–]

That’s an example of regulation - not of a central bank providing anything.

RandomLensman on Feb 23, 2024 | [–]

TARGET, i.e., cross-border interbank, is operated by the European central banks

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