The ECB’s answer to PayPal called TIPS (TARGET Instant Payment Settlement) was launched last Friday with the first TIPS money transfer between an account holder at a French bank and one at a Spanish bank. TIPS enables payments and money transfers in under ten seconds costing a fifth of a euro by individuals and companies ...
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from Electronics Weekly https://www.electronicsweekly.com/news/business/eus-paypal-makes-first-payment-2018-12/
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