Is Square and Paypal fucked when Fednow come out


I bought alot of SQ Shares back in 2021 thought i was getting a good deal under 200$ but it carried on falling havent bought any shares since last year my cost basis is 135$ should i cut my losses or is it scaremongering from social media ?

Fednow is a payment system developed by the federal reserve that enables faster transactions for financial institutions of any size, in any community, 365 days a year this is in contrast to Paypal ,Venmo Cashapp which are non bank “close loop” systems.

alot of talk on twitter about Fednow will anybody be using it? Any concerns about the new Fed backed payment processor?


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