“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.)”
(Visited 32 times, 1 visits today)
Related posts:
Is Bitcoin a Joke or the Real Deal?
Justin Amash vs Former NSA Head General Michael Hayden 8/4/13
China central bank warns banks against use of bitcoin
San Francisco bar: Free drinks to Google Glass wearers
How Bank of England 'helped Nazis sell gold stolen from Czechs'
500,000 Indian workers lose jobs as jewellers curb gold imports
Mandarin Chinese Becomes New Language in the Classroom
Obama unveils new retirement savings plan: 'MyRA'
Obama turns ‘austerity inauguration’ into a dash for corporate cash
OKC hospital posting surgery prices online, creating bidding war
China: Sale of canned clean air skyrockets following smog red alert
Saving the rhino with U.S. military surveillance drones
Chinese official jumps to his death after garbage landslide kills dozens
For Congress, ‘it’s classified’ is new equivalent of ‘none of your business’
Suicide rate in Alberta up 30% in wake of mass oilpatch layoffs