The monetary system is based upon speed and settlement. That is what makes the romanticizing the past inane. Are people willing to wait weeks to get money as physical assets are moved around the world?
You are viewing a single comment's thread from:
The monetary system is based upon speed and settlement. That is what makes the romanticizing the past inane. Are people willing to wait weeks to get money as physical assets are moved around the world?
I do most of my transactions live. I make a call or fly somewhere and expect that real-time transfers of any amount below 6 figures can get done instantly. It's really important.