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Reversibility is great for consumers who are sending money in exchange for products and services. It can be a nightmare for people who receive the money and are
by yokem55 2y ago
Reversibility is great for consumers who are sending money in exchange for products and services. It can be a nightmare for people who receive the money and are providing the products and services.
And it isn't just businesses who carry this risk. If a business was depending on a large inflow to make payroll, and that inflow gets reversed, the people who are expecting payment for their labor also are subject to a payment reversal.
There's definitely a lot of benefits to reversibility, but it has very real costs and tradeoffs.