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A legal deal struck yesterday between MEPs, European Commission and the EU Council could spell an end to days-long delays in receiving cash for Europeans, who instead could soon transfer funds between bank accounts within seconds.

Instant payments, as they’re known, allow money to move in the blink of an eye — and a new EU law making them the default option across the bloc has been hailed as good news by consumer advocates.

https://www.euronews.com/business/2023/11/08/eu-seeks-to-make-10-second-bank-payments-a-reality

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