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> How does the rest of the world manage instant transfers?

The same way the US stock markets can do 5 billion trades per month in realtime, with technology: technology that costs money, wipes out a major investment revenue stream, and necessitates cooperation between competitors. Does it surprise anyone that the EU pulled this off and the US is the farthest behind?



To be fair, the actual transfer of money between stock market participants is no faster than it is for personal bank accounts.




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