Just by the look of it [1] and the menacing hero question "Is your organization ready?" I fear something similar to the IRS tax filing [2] will happen: instead of having an open API usable by any easily-authenticable entity, only a few backroom deals will grant access to it.
> instead of having an open API usable by any easily-authenticable entity
It’s intentionally mediated through banks. We don’t want to create a money-laundering system—that is an explicit lesson learned from crypto. (We also want a layer that can absorb fraud. Another lesson from crypto.) But there are banks who will API it for KYC’d clients.
[1] https://www.frbservices.org/financial-services/fednow
[2] https://www.irs.gov/tax-professionals/choosing-a-tax-profess...