|
|
|
|
|
|
by JumpCrisscross
3077 days ago
|
|
|
> The US dollar, as such, often hasn't adopted new developments in money transmission directly (at least, not at the consumer level) The Federal Reserve began moving money electronically in 1915 [1]. (You read that right. Nineteen fifteen. In the early 80s, telex transmission services began.) The back offices of finance are surprisingly reactive to new technology, when the risks and rewards balance properly. [1] https://en.m.wikipedia.org/wiki/Fedwire |
|
|