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Re:My professional opinion as a blockchain researcher: I don... by wilde on Tuesday February 13, 2018 @03:10AM (#16365520)
Because prior to 2001, it was illegal to clear the money without the physical check present. [0]

There’s an effort to modernize ACH, but it’s still years away from wide rollout.

[0] https://payment21.com/blog/paper-check%E2%80%99s-death-began...

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