Traditional payment rails: ACH, wire, card networks

This lesson is for enrolled learners

The concept To know what a stablecoin actually improves on, you need a real working knowledge of the legacy rails it's compared against. This lesson covers the three dominant US payment rails: ACH, wire, and card networks. ACH (Automated Clearing House) is a batch-processed network run under NACHA rules: transactions are collected throughout the day, submitted in batches to the……

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