Passage of bill would impact peer-to-peer services
To the editor: Peer-to-peer services have grown in popularity in recent years. For consumers and many small businesses, cash has been replaced by the refrain of “I’ll Zelle/Venmo/CashApp you the money.” With platforms like Zelle, transfers can be done without fees, and funds are immediately available. For small businesses, the convenience and cost can’t be beat. Unfortunately, in Washington, DC, some senators have introduced legislation that would make these services a lot less convenient and, in some cases, more expensive. These Senators want to place burdensome new ...