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A comment on Why Bitcoin Can't Help the Poorest, Yet. Parent comment

Re:Why Bitcoin Can't Help the Poorest, Yet by CyberDildonics on Thursday January 14, 2016 @01:55AM (#10900002)
> A payment system that ties up the funds for 30 days in escrow is even less useful and not competitive.

I agree but that's what credit cards are.

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Re:Why Bitcoin Can't Help the Poorest, Yet by bduerst on Thursday January 14, 2016 @02:00AM (#10900011)
Absolutely not. ACH delivers funds in 1-3 business days.

Do you not know how credit cards work?

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Re:Why Bitcoin Can't Help the Poorest, Yet by CyberDildonics on Thursday January 14, 2016 @11:13AM (#10902232)
From wikipedia:

> Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards.[citation needed]

> Rules and regulations that govern the ACH network are established by NACHA and the Federal Reserve. In 2013, this network processed nearly 22 billion ACH transactions with a total value of $38.7 trillion.[1] Credit card payments are handled by separate networks.

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