16 Minutes on the News #5: Fed Real-time Payments, Death of Retail
a16z Podcast
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Revolutionizing Payments and the Decline of Retail
This chapter explores the Federal Reserve's role in payment systems and the introduction of real-time payments, focusing on their effects on consumers, particularly those with limited financial flexibility. It also examines the decline of traditional retail, using Barney's bankruptcy as a case study, and considers how technology and changing consumer habits are shaping the future of shopping.
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