Economy
Why digital bank transfers still take days
HERE’S THE INTERESTING PART
Despite living in an era where data beams to space and back in milliseconds, basic digital transfers still pretend it is 1974. The automated clearing house system groups transactions into massive, sluggish batches that take days to actually settle. Your banking app updates the screen instantly to keep you happy, but behind the scenes, the digital ledger is moving at the speed of a tired snail.
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