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That is 1) to prevent fraud (see "check kiting") and 2) so the holding institution can collect the interest for the day. This is not a technology problem. Bloc
by bluetwo 9y ago
That is 1) to prevent fraud (see "check kiting") and 2) so the holding institution can collect the interest for the day.
This is not a technology problem. Blockchain won't change either of these.
- nawitus 9y agoA blockchain certainly change that. If a bank does something for non-technological reasons, it's possible that a blockchain does something else.