Chapters 
 Transcript 
 Episode notes 
 1  2  3  4  5  6  7  8  9  10  11  12  13  14 
 Introduction 
 00:00 • 2min 
 The Importance of Deliability in Payments 
 02:13 • 3min 
 The Complexity of Money in the Economy 
 05:03 • 3min 
 The Convenience of Checks 
 07:39 • 2min 
 The ACH and Fed Wire System 
 09:36 • 4min 
 The Limits of the US Payment System 
 13:55 • 5min 
 The Rise of the Bank-Based Infrastructure Settlement Layer 
 19:12 • 2min 
 How PIX and Brazil's Payment System Compare Internationally 
 21:06 • 6min 
 The Role of Regulators in Fed Payment Rails 
 27:04 • 4min 
 The Importance of Stablecoins 
 31:05 • 2min 
 The Absence of Settlement Innovation in the US Payment System 
 33:32 • 2min 
 The Future of Crypto Payments 
 36:00 • 3min 
 The Pain Point of Cashlessness in the United States 
 39:10 • 4min 
 The Evolution of Payments in the Global Economy 
 43:25 • 2min 


