Finality does exist in the payments. It may not exist in consumer (fiat currency) payments, but it definitely exists. The EU has a directive Settlement finalit

Finality does exist in the payments. It may not exist in consumer (fiat currency) payments, but it definitely exists. The EU has a directive Settlement finality - Directive 98/26/EC that address this problem specifically. If there were no finality, markets would need to price in more risk in every transaction. > WHAT DOES THIS DIRECTIVE DO? > It guarantees that financial product transfer and payment orders can be finalised, mainly by mitigating problems arising from a participant’s insolvency. https://ec.europa.eu/info/law/settlement-finality-directive-98-26-ec_en https://ec.europa.eu/info/law/settlement-finality-directive-... https://eur-lex.europa.eu/legal-content/EN/LSU/?uri=CELEX:31998L0026 https://eur-lex.europa.eu/legal-content/EN/LSU/?uri=CELEX:31...