. @matt_levine on Fintech. I've never really liked word, either; financial industry one of biggest tech consumers, has been for ~50 years.pic.twitter.com/LlsjU542w4
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(In case that joke is too subtle: https://en.wikipedia.org/wiki/Automated_Clearing_House … $41.6 trillion with a T dollars transacted last year. Computers are involved.)
To be fair, ACH lacks authorization mechanisms, which limits it to trusted parties. BTC allows automated payments by everybody.
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