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> How does the rest of the world manage instant transfers? The same way the US stock markets can do 5 billion trades per month in realtime, with technology: te
by alexforster 11y ago
> How does the rest of the world manage instant transfers?
The same way the US stock markets can do 5 billion trades per month in realtime, with technology: technology that costs money, wipes out a major investment revenue stream, and necessitates cooperation between competitors. Does it surprise anyone that the EU pulled this off and the US is the farthest behind?
- pgwhalen 11y agoTo be fair, the actual transfer of money between stock market participants is no faster than it is for personal bank accounts.