RTP
Reinvent Technology Partners
stock NYSE

Banks just need to get off their but and implement 3rd party RTP transfers. They get to collect interest while the funds clear and they also have sunk a lot into developing Zelle so they are dragging their feet.

Zelle is only fast settlement if both banks are enrolled in RTP, otherwise it's standard ACH settlement times.
Which all goes to say, you're right but only when those circumstances exist. Banks can also hold txns if they suspect fraud etc.
By contrast, with Bitcoin it's a guaranteed fast and final settlement every time no matter what.

Banks just need to get off their but and implement 3rd party RTP transfers. They get to collect interest while the funds clear and they also have sunk a lot into developing Zelle so they are dragging their feet.

Zelle is only fast settlement if both banks are enrolled in RTP, otherwise it's standard ACH settlement times.
Which all goes to say, you're right but only when those circumstances exist. Banks can also hold txns if they suspect fraud etc.
By contrast, with Bitcoin it's a guaranteed fast and final settlement every time no matter what.