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A comment on The Collapse of SVB Exposes the Largest Crack in the Economy. Parent comment

Re:The Collapse of SVB Exposes the Largest Crack in the Economy by Scoundreller on Saturday March 11, 2023 @03:44AM (#35106630)
System-wide Innovation is a lot easier when one’s country has a handful of banks. USA has ~4500 banks, 12x the #2 country, Russia.

https://www.helgilibrary.com/charts/what-country-has-the-mos...

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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by gdy on Saturday March 11, 2023 @09:00AM (#35108330)
In Russia money transfers are mostly instant. What stops american banks from using new software and new payment protocols?
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by astrange on Saturday March 11, 2023 @01:30PM (#35111101)
There are instant transfers (Zelle, wire transfers, debit cards). There aren't instant transfers with all the same properties as ACH, but later this year there will be.
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Re:The Collapse of SVB Exposes the Largest Crack in the Economy by gdy on Monday March 13, 2023 @08:10PM (#35145259)
Interesting. What makes ACH special?
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