[ianburrell]

I think PayPal and Venmo will be just fine with FedNow. They will work the same but with faster transfers. They will be pseudo-banks with internal transfers, FedNow transfers to others, and instant transfers to bank accounts. They will be alternative to bank apps. PayPal's purchase protection could be important for purchases unless banks work something else out.

Zelle is the one that is doomed since they are bank-run instant transfers that FedNow directly replaces.