There’s a new trend in payments that’s suddenly all the rage: speed.
Based on widely diverse announcements and reports, speed has topped the agenda in a number of payments-related spaces, from simple checkout times, to mobile wallets, to same-day ACH.
Which is somewhat ironic.
From barter to bucks to bitcoin and beyond…
Originally, all payments were instantaneous. You bartered your cow for a bag of beans and, presto! Done.
Coins and currency came along and served as proxies for cows and other commodities. But still, you slid them across the counter and you got your stuff. Again, done.
