Is Square and Paypal fucked when Fednow come out

I bought alot of SQ Shares back in 2021 thought i was getting a good deal under 200$ but it carried on falling havent bought any shares since last year my cost basis is 135$ should i cut my losses or is it scaremongering from social media ?
Fednow is a payment system developed by the federal reserve that enables faster transactions for financial institutions of any size, in any community, 365 days a year this is in contrast to Paypal ,Venmo Cashapp which are non bank "close loop" systems.
Will anybody be using it? Any concerns about the new Fed backed payment processor?
$PayPal (PYPL.US)$ $Block (SQ.US)$