“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:
Europe's 'new deal' for jobless dismissed as rhetoric
Extraordinary rendition report claims 54 countries ‘offered covert support’ of CIA torture operation
Gitmo defendant’s lawyers: CIA gave ‘Zero Dark Thirty’ makers more info than us
GOP bid to rewrite tax code falters
Bumpy year drags U.S. IPO listings back to 2009 levels
Bitcoin operators resume India operations cautiously
Bitcoins and bars: Chicagoans getting in on virtual currency
Mongolia looks for second chance with foreign investors
Nick Clegg's wealth tax is latest plan to make rich pay more
Rural Chinese children ‘left behind’ as parents join mass migration to the cities
Black Market Arises In Cash Conversions Following India's Cash Ban
Man finds 300 pounds of marijuana stashed in gun safe he bought on the Internet
Public Approval of Supreme Court Falls to All-Time Low
Police chopper, riot squad meet lone anti-Islam cartoon protestor
NJ State Police dashboard camera shows confrontation with county police