Content
@
0 reply
0 recast
0 reaction
Pete Cooling
@petecooling
In the 50's a check took 2 weeks to move through the banking system, called float money float has dissipated since, yet remains removing float by using blockchains will compress time & events by allowing money to be sent/received in milliseconds the impact will be profound
2 replies
0 recast
1 reaction
Ed O'Shaughnessy
@eddieosh
Yeah, but end of day settlement significantly reduced transactions between banks. Bank A owes Bank B $100mm, B owes A $90mm so A sends B $10mm in one transaction at end of day.
1 reply
0 recast
1 reaction
Pete Cooling
@petecooling
true, net settlement has a place - although mostly because of the high cost and slow settlement times associated with money movement
0 reply
0 recast
1 reaction
