Today i read this article in the Dutch media about a Dutch bank Abn Amro, offering a new service, flash payments. Seven or eight banks in Europe participate in this new service where you can sent money to another bank in the European Union and the transfer only takes 10 seconds. They want to speed it up to five seconds.
A while ago i read something about Ripple and the European Payments Council.
Anyone heard about this?
Did not see that somebody else already started the same topic.