To send me money, someone writes numbers on a piece of paper. That piece of paper is physically transported hundreds/thousands of miles to me. Then I have to write on the piece of paper. Then I take a picture of the piece of paper and upload it, where someone reads the numbers written on the piece of paper, and actually transfers the money. Is this really how the world works in 2015???
Well, if I'm sending out payments then that's several days of "float" where I'm still earning interest on the money because all those physical pieces of paper are still in transit. So given the choice, why wouldn't I go with the less efficient process?
(That's a rhetorical question - but feel free to answer it if you feel so inclined.)
To send me money, someone writes numbers on a piece of paper. That piece of paper is physically transported hundreds/thousands of miles to me. Then I have to write on the piece of paper. Then I take a picture of the piece of paper and upload it, where someone reads the numbers written on the piece of paper, and actually transfers the money. Is this really how the world works in 2015???