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> actually no reason you couldn't have the reimbursement instantly Out in the Real Economy there's a thing called cash flow. You can't pay your employees befor
by throwawaygh 5y ago
> actually no reason you couldn't have the reimbursement instantly
Out in the Real Economy there's a thing called cash flow. You can't pay your employees before your customers pay you.
> FYI there's no reason for 'all your transactions to be on the blockchain' - that's just the way it works today but that can change.
You're right. There's no reason.
- jollybean 5y agoRegular expenses are generally not burdened by cash flow. You get your regular expenses at the 'end of the month' as a matter of process, not because the company is waiting for customers to pay for stuff, so they can pay you. As an employee, you're not there to provide working capital for your company, so if you're buying something really that the company should be paying for, they should be able to pay for it immediately.
- throwawaygh 5y ago> Regular expenses are generally not burdened by cash flow. You get your regular expenses at the 'end of the month' as a matter of process, not because the company is waiting for customers to pay for stuff, so they can pay you. Again, this may be true in Corporate America, but it's far less true in small businesses (which are a huge fraction of any economy). > As an employee, you're not there to provide working capital for your company No, that's the role of my credit card company (and what's more, they pay me for the pleasure & my only real expense is divulging my employer's spend).