Casey: Real-time settlement would unleash trillions in idle capital
Michael Casey · a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance · Jan 2, 2019 · at 17:05
Michael Casey, co-author of The Age of Cryptocurrency, explains why Wall Street institutions are interested in blockchain-based settlement technology.
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“Because you've got three-day settlement times, that's trillions of dollars that's just sitting on the sidelines that has to wait until it is actually cleared by the system to then get back to work, right? So that's, you unleash, you just, By going from three to zero, three days to zero, you have unleashed money into the world on a profound level.”
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