Imagine if e-transfer applied to bill payments through your bank, that's kind of how this operates. Imagine if every bill payment, wire transfer, ACH, etc. moved instantly, that's what's being proposed here.
Meanwhile in Canada we still operate on a batch processing system where everything runs between midnight and 5 AM eastern, and our financial system upgrades to a more immediate system continue to get pushed back.
I think there's a George Carlin quote about it, or if not him another comedian. They should be called pre-life because that's all they care about. The minute you're born you're fucked.