yeah it’s ACH but for digital money (which is what we have in fact now, like it not) instead of cheques (which is literally what ACH was supposed to make more efficient)
it’s a rail, not an asset. what runs over the rails is still very much commercial bank money (for now). Matthew explains all this very well.
Agree. Haven't listened to the episode, but this is an accurate depiction of FrdNow. Faster clearing, that's it.
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