My R3 research led me to this article…

“A SIMPLE EXPLANATION OF HOW MONEY MOVES AROUND THE BANKING SYSTEM

Posted by Richard Brown on May 1st 2014

Twitter went mad not too long ago because somebody had transferred almost $150m in a single Bitcoin transaction. This tweet was typical:

RT @coindesk: 194,993 BTC transaction worth $147m sparks mystery and speculation coinde.sk/18eil43— 

Jon Matonis (@jonmatonis) November 23, 2013
There was much comment about how expensive or difficult this would have been in the regular banking system – and this could well be true. But it also highlighted another point: in my expecience, almost nobody actually understands how payment systems work. That is: if you “wire” funds to a supplier or “make a payment” to a friend, how does the money get from your account to theirs? ”

http://www.pieria.co.uk/articles/a_simple_explanation_of_how_money_moves_around_the_banking_system

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