Agreed. “There's no particular reason why this kind of financial intermediation ... | Hacker News

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		toomuchtodo on Jan 31, 2024 \| parent \| context \| favorite \| on: The business of check cashing Agreed. “There's no particular reason why this kind of financial intermediation should be a $100 billion industry, rife with inefficiencies.” https://news.ycombinator.com/item?id=36012866 https://www.axios.com/2023/07/22/fednow-instant-payments-cre... https://www.usbank.com/corporate-and-commercial-banking/cfo-... https://www.moderntreasury.com/journal/bank-payments-as-a-cr...

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