Sunday, March 3, 2024

"RV UPDATE: TRANSITION FROM A CLEARING HOUSE TRANSACTIONS TO WIRE TRANSFER" BY GOLDILOCKS, 3 MARCH

GOLDILOCKS

 "An ACH transfer is completed through a clearing house — a network of financial institutions — and is used most often for processing direct deposits or payments. 


A wire transfer is typically used for high-value transactions and is completed through a bank, which makes it faster, but it does have a fee."


We are currently transitioning from Clearing House Transactions to Wire Transfer Services that can be done through a bank. Wire transfer services will make this new digital payment system much faster. In fact, the transfer of payments will be done in seconds. 


As Protocol 20 expands and integrates Quantum Technologies from around the world, this shift into digital processing of money transfers will significantly increase the demand for the new digital economy. These new demands will bring in new values across the board and from country to country. 


Money velocity will enhance faster trades that will allow the movement of products around the world to operate seamlessly and efficiently. Faster movement of products will create more profits and increase more opportunities for companies producing their items for sale across many sectors of the market and on an even playing field no matter their size. 


© Goldilocks


https://tipalti.com/payments-hub/ach-vs-wire/#:~:text=An%20ACH%20transfer%20is%20completed,it%20does%20have%20a%20fee.

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