4 ms·
God no, hah! Not surprising at all. They didn't have first mover disadvantage. There's a cost to being the first to invent infrastructure. Others can stand
by loxias 3y ago
God no, hah! Not surprising at all. They didn't have first mover disadvantage.
There's a cost to being the first to invent infrastructure. Others can stand on your shoulders and build improvements, while you're stuck with "version 1.0".
Other nations might have instant payments for a good while, but the US had viable banking and a postal service for more than 200 years. The cost of being first is sometimes being last to upgrade. :/ see also: China and trains.
edit: come at me!
- Symbiote 3y agoBarclays Bank was founded before the USA, and it's not even the oldest British bank, let alone the oldest European one. The postal services of many European countries also predate the USA.