Centralization makes many people, but especially bankers, comfortable, secure, and able to sleep at night. As much as bankers may beef about regulators and “inside the Beltway” thinking, the idea of federal regulation and supervision provides a magnetic north. The Federal Reserve itself is a “central bank,” and it and key private players, like The Clearing House, Visa, MasterCard, and NACHA, serve as key central points for the movement of what we consider to be real “money,” even though today it mostly consists of blips in databases. Read full article
William Mougayar steemit page : @wmougayar
photo: source
It's only going to "revise" banking reality. haha. Yeah the same way the cell phone revised reality for the pay phone industry.
Great Post!
haha very good comparison! thank you. found the same article after mine that has a better narrative
https://steemit.com/steem/@jrcornel/william-mougayar-is-an-advisor-to-steem