Existing Systems ACH handles debit and credit transfers in the U.S. Its network moved $9.8 trillion during last year’s fourth quarter, according the NACHA, the electronic payments association. The system typically settles transactions within a business day, which is one reason why it can take days for money to transfer to an account. Bitcoin moves funds in minutes, while Ripple settles in seconds.
10 trillion in a QUARTER. We are certainly going to snag a chunk of that. I cant wait to see where that number is in five years ;)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.