why do banks need an extra day to process paychecks after ‘bank holidays’ when almost everything is automatic/digital?
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Just to add one more non-tin-foil, non-banks-are-evil comment here. The modern automatic digital system is a convenience layer built on top of a much older system that is much slower.
This is actually why the idea of a “digital dollar” is so great. Not because the US Gov would be making a “cryptocurrency” (they wouldn’t be) but because it would finally replace all that outdated infrastructure and enable the kind of automatic digital operations to really happen.
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