GroteStreet 🦘

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  • 12 Comments
Joined 1 year ago
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Cake day: June 12th, 2023

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  • (oversimplified) they are "interconnected" just like emails are interconnected. I can log into Gmail and send an email to someone else at Hotmail. But I can't actually use Gmail credentials to log into Hotmail.

    In the 'verse, "Federation" means every instance (I'm on aussie.zone) holds a copy of every other instance (I can see your post without ever visiting lemm.ee). This reply I'm posting is held in my instance, and a copy is sent to yours (and the whole Federation will also hold a copy and be able to see my comment).

    If lemm.ee shuts down tomorrow, this conversation we're having will remain to exist in the thousands of other instances that are federated with lemm.ee today.




  • The thing that allows near-instant transfers is NPP (New Payment Platform). PayID is built on top of it, but there are banks on the NPP that haven't enabled the PayID feature.

    For transfers to happen instantly requires you to initiate the transfer electronically, both sender & receiver banks need to be on the NPP, and the amount transferred is below a limit set by your bank (usually $5k?).

    Otherwise it's the usual slow transfer. Either next business day, or two, depending on what time you make the transfer.. A Thursday evening transfer may arrive Monday morning if you're unlucky.