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If Everything Moves at the Speed of Light, Why Is My Money So Slow?

• barisser 12y ago
  "Banks haven't seen an advantage in speeding that up, even though the lag is painful for businesses and families." And "What the U.S. needs, the Federal Reserve said last month, is an entirely “new infrastructure” to keep banks connected day, night and through the weekend. Then last week, the Clearing House, a group owned by the largest banks, said it would build a real-time payment network. It didn’t specify a time frame or release cost estimates." Guys, this exists. It's called Bitcoin. And it's incredibly powerful.