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Re: Digital Cash

To: [email protected] (Robert Hettinga, Shipwright Development Corp.)
Subject: Re: Digital Cash
From: "Perry E. Metzger" <[email protected]>
Date: Tue, 03 May 1994 18:40:37 -0400
Cc: [email protected]
In-Reply-To: Your message of "Tue, 03 May 1994 15:36:03 CDT." <[email protected]>
Reply-To: [email protected]
Sender: [email protected]


Robert Hettinga, Shipwright Development Corp. says:
> Is it possible to see instantaneous settlement happen in the financial
> markets with digital cash?

In theory, yes, although one would also need to move all securities
being traded to book entry or "digital bearer certificates".
Presumably the current securities laws would require some changes.

This of course has the potential to dramatically lower transaction
costs in these markets.

Perry

References:
- Re: Digital Cash
  - From: [email protected] (Robert Hettinga, Shipwright Development Corp.)

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