4 ms·
I would trade being behind in inter-bank transfer speed for being ahead in commerce.
by pbreit 9y ago
I would trade being behind in inter-bank transfer speed for being ahead in commerce.
- tmnvix 9y agoWhy a dichotomy?
- pbreit 9y agoThe way ACH works probably has had a non-trivial positive impact on US commerce.
- wbl 9y agoI find that hard to believe. Slow and insecure payments are not good for anyone.
- kerkeslager 9y agoSay more?
- pbreit 9y agoDirect debit which is unavailable in most of the rest of the world powers a huge amount of commerce.
- kerkeslager 9y agoI don't know much about that, but I do know that it proves nothing about ACH's slowness being a positive for commerce.