3 ms·

So how does it work when there are multiple of these systems (CIPS). Is double spending possible?

• kayamon 5y ago
  Of course double spending is possible -- the entire world economy currently relies on it.
• hashimotonomora 5y ago
  Essentially trust. If your bank does not have relations with a foreign bank in a faraway country, both can use an intermediary bank that both trust and do have relations with.