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Long settlement times are a feature, not a bug. It reduces externality costs (drugs and terror) and reduces insurance costs. (reverseability)
by brighton36 10y ago
Long settlement times are a feature, not a bug. It reduces externality costs (drugs and terror) and reduces insurance costs. (reverseability)
- celticninja 10y agoPlus the bank gets to charge interest while they hold it, a week at my bank and a week at the receiving bank, for multiple transactions is a nice little earner.
- kalleboo 10y agoWow, what bank takes a week to do an international wire? For me it always seems to arrive the next business day.