Quant (@quantnetwork): Card networks have run #retailpayments for decades. But central banks are pushing for modernisation, and account-to-account payments are stepping up a…
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Card networks have run #retailpayments for decades. But central banks are pushing for modernisation, and account-to-account payments are stepping up as the alternative. Programmable bank accounts bring the same ease and protections as card payments, but with far more flexibility: split a payment automatically, hold funds until conditions are met, trigger settlement only on confirmation. We've been building and testing this technology alongside leading institutions, exploring what #programmableinfrastructure can unlock for #banks reimagining their core payment rails. Read the full piece: https://quant.network/perspectives/beyond-card-networks-why-programmable-bank-accounts-are-the-future-of-payments/ #ProgrammablePayments