Today, we can instantly send a photo, message or video to billions of people and businesses around the world from a phone, laptopeven through Alexa. Yet, simple and fast payments are still not possible. In this always-on world, where everyone carries a computer in their pocket, why is it easier to send a picture of a 5 dollar bill than it is to actually send 5 dollars?
Unlike email and SMS, where there is a single network for the entire world, the payments infrastructure consists of hundreds of isolated networks that don't speak to each other. Imagine how limited SMS would be if messages couldn't be sent between the different mobile providers. We would all send a lot fewer text messages and be less connected to our friends and family.
