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/biz/ - Business & Finance

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>> No.5715524 [View]
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5715524

>>5715455
They do it slowly, with a high error rate via SWIFT.
The current system also requires them to keep $27T in nostro accounts for cross-border currency swaps.
XRP solves both of these.

Saying that "it's just numbers in a database lol" and "banks already move money around" indicates you have done little research on how this aspect of banking is done.

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