“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:
2 LAPD officers allegedly forced sex acts on women
Purged Saudi royals must cough up 70% of their wealth to be freed
New Zealand signals readiness to join currency wars
Israeli intelligence 'intercepted Syrian regime talk about chemical attack'
Talk of the Day -- Bitcoin to be introduced in Taiwan
China Devaluation Is Blow to Cash-Strapped Argentina’s Reserves
First-ever cyberattack on US election points to broad vulnerabilities
Ron Paul on the Lack of a Difference Between Obama And Romney
Prosecutors: 'Anarchist' group of U.S. soldiers aimed to overthrow government
Alleged Silk Road Creator's Lawyer Defended Gitmo Detainee, NSA Target
UN finds Syria war crimes 'on both sides'
Absent Chavez devalues Venezuelan currency to aid gov't finances
Congress starts looking into Bitcoin
Throwing children in prison turns out to be a really bad idea
26 Years of Growth: Shanghai Then and Now