how?

it’s a way for commercial bank moneys to clear at a speed you’d expect in a first world country. as Matthew discusses, it’s crazy to anybody in Europe or the UK that this *doesn’t* already exist.

I (might) agree with you to a limited extent in that it makes the dollar more natively digital, and that perhaps all digitisation lends itself to control, but that’s more a political point than an economic or financial one. currently, dollars are digital anyway but it’s an expensive pain in the ass to transfer them.