The e-Fiat Story: From the Physical Cheque to the Digital IOU.

I present to you the following scenario. Day 1: Single IOU Let’s say you walk into your bank in America and present $ 100,000 to the bank, and ask them to make a Cashier’s Cheque for you. No problem they say! The teller types one up, and charges you $ 10 extra for it and …

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