In a meeting last week we were talking about T+2 challenges. Certainly Robinhood has brought these back to light. Companies these days are commonly raising capital left and right just to fund payments. The thing is, T+2 is going away right before our very eyes and pre-funding requirements are now being solved through various mechanisms.… Continue reading Solving T+2 Settlement
Tag: settlement
Breaking down the Dwolla network to its core.
Dwolla, as a network... has no money. It's not a bank and it does not hold money. The Dwolla network talks to banks on behalf of members of the network. Your money, my money, is already virtualized. The first time I was explaining that concept to a bank they looked at me sideways and the… Continue reading Breaking down the Dwolla network to its core.