The Ledger
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Kirsch: Most Banks Lack Open APIs for Moving Money
“The problem is that most banks don't have an open API where you can do things like move money.”
Kirsch: Bank of England's Ethereum trial yielded five transactions per second
“The Bank of England did an experiment with Ethereum, and they found that they could get, like, five transactions a second.”
Kirsch predicts US open banking adoption will snowball from European demand
“I think the same thing will happen here is that there's a big stick that causes the European banks to get on board the system. Once that happens, the apps get written and then the apps only work with European banks. Ooh. So if I want to move money instantly fr…”