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Payments 101: Checks, ACH, FedWire, Stablecoins, CBDCs (and more)
Fintech Beat
The Importance of Deliability in Payments
A payment is a settlement of alliability, and the second part is through a transfer of value. For it to be a payment, I'm sending you something of value because I owe you for something. Deliability involved generates all sorts of complications that can happen. That's why there are these put resolution mechanisms.
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