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A comment on Financial innovations brought by technology. Parent comment

Re:Financial innovations brought by technology by Aeolun on Friday October 29, 2021 @06:57PM (#29044456)
> With a third party layer, banks don't need to reinvent the wheel.

With a government mandated transfer method, nobody needs to, and all banks are interoperable.

I personally really like my bank transfers between any bank in the Netherlands being near instant.

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Re:Financial innovations brought by technology by jslove on Saturday October 30, 2021 @07:10AM (#29047859)
Japan has had this since the late 1970s/early 80s.

Real time settlement isn't really an innovation. Its just something the banks fight to protect their float.

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