Why does a bank payment takes a long time to be received, especially if there is a weekend in the middle?
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In the UK I pay for my Chinese take-away with a bank transfer. The payment goes through in less than five seconds.
International payments will be the next big thing. Currently it takes 3 to 5 days to settle. Up to 15% of transfers fail and there are huge fees. With distributed ledger technology (such as Ripple) this can settle in 3 to 5 seconds at a fraction of a penny cost.
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