Paper Money Diehards Refuse to Fold

Re:Paper Money Diehards Refuse to Fold by JCharante on Tuesday May 30, 2023 @03:31AM (#36122102)

3 million ops in 1 month, 30 days per month = 100,000 ops per 24 hours (on average) = 4166 ops per hour = 69.4 ops per minute = ~more than 1 op per second. I think we really should have such a system (Vietnam has something like this) but I wouldn't use it as an example just yet.

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Re:Paper Money Diehards Refuse to Fold by rsaesha on Tuesday May 30, 2023 @04:50PM (#36130574)

I will never condemn caution, even more so for financial systems.

International institutions such as the Bank of International Settlements have recognized PIX as a successful case:

https://www.bis.org/publ/bisbull52.htm

A similar service has been prepared for years, and US Federal Reserve will launch FedNow this July:

https://explore.fednow.org/

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