“It turns out the money collected on Kickstarter is handled by Amazon. Great, we figure: This is the company that will sell you anything on the planet and get it you you the next day. And what we need in this case isn’t even a thing, really. We just need Amazon’s bank to send money electronically to a checking account at Chase bank. It’s just information traveling over wires. How long could it take: A minute? An hour? It took five days. On today’s show: Why the invisible pipes that move money around America are so slow. (And why the ones in England are so much faster.)”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Why The Deep Web Has Washington Worried
Greek police report riot at immigrant detention camp
In Argentina, More Official Lying About Basic Economic Facts
Cyprus bourse scraps banking index after bailout
Absent Chavez devalues Venezuelan currency to aid gov't finances
Bitcoin Exchange Mt. Gox Still Grappling With Slowdown
Six ways Congress may reform NSA snooping
Two Colorado lawmakers lose recall elections over support for gun laws
U.S., UK government websites infected with crypto-mining malware
Police Allegedly Fire 41 Shots At Unarmed Man
Outcome of Kelly Thomas case was all too familiar
General allegedly blocked probe of ‘Auschwitz-like’ Kabul hospital
100-year-old Wild West silver certificate lassos $2.6M at auction
Over 700 arrested so far in North Carolina 'Moral Monday' protests
Argentina mulls benefits cut for dollar buyers