How ACH works: A developer perspective

Re:How ACH works: A developer perspective by chicagomint on Wednesday April 23, 2014 @05:57PM (#7637182)

"documentation explaining the ACH system is targeted towards bankers, not software developers."

The ACH system itself is designed for the benefit of bankers, not developers, or even depositors.

Bitcoin alleviates the need for the excesses of the described system.

[ Parent | on HN ]

Re:How ACH works: A developer perspective by dedward on Wednesday April 23, 2014 @08:27PM (#7637848)

Bitcoin doesn't let me withdraw US $ from one US bank account and deposit it in another US bank account in bulk.

Bitcoin lets me transfer bitcoin around - which is fantastic and wonderful - but it doesn't address the problem at hand.

[ Parent | on HN ]

Re:How ACH works: A developer perspective by scotty321 on Thursday April 24, 2014 @10:42AM (#7640548)

You don't understand. Once you're in the Bitcoin ecosystem, you don't necessarily need to backtrack out into US $ anymore. I buy almost everything with Bitcoin, and shop at Bitcoin-friendly stores. Except for grocery stores. I don't know of any grocery stores yet that accept Bitcoin in my area, but they will surely arrive someday.

[ Parent | on HN ]