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One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in nearreal-time. His ask, at the time, was nothing more than to meet again once he rustled up some capital and a few like-minded innovators to further flesh out his idea.
A modernized system enables people or businesses to have access to the money in nearrealtime. As Maoloni pointed out, the barriers to faster payments are often times the ability to displace current behavior. The Canadian Advantage. Think the usage of paper-based payments like checks and cash.
Alternative payment methods and e-wallets are revolutionising how people transact, providing nearreal-time fund transfers. In terms of infrastructure, while there’s still ground to cover compared to some advanced economies where digital payments are nearly ubiquitous, the gap is closing swiftly.
Additionally, game and VR engine maker Unity has announced a partnership with Autodesk to increase interoperability. In 2018, assembly lines are so lean they’re integrating a nearly real-time inflow of parts and assembling them as fast as they arrive.
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