My bank only allows like $2 million dollars online wire transfer per day on their corporate account. Transferring billions would probably requires you to meet with your bank’s account manager?
The balance is kept at a bank and the banks have ledgers with the reserve bank who in turn adds $40B to the asset column and negates $40B from the liabilities column. That’s the basic version. Nothing changes hands per se. It’s just 1s and 0s on a computer.
redcalcium@lemmy.institute 10 months ago
stifle867@programming.dev 10 months ago
I’m unsure if the details of that process are public but presumably it is possible. What I could find publicly was that CZ’s personal fine of $70m is payable either by ETF, cashier’s check or money order.
veroxii@lemmy.world 10 months ago
I’m guessing if you have to pay the government, you can get government approval.
pillars_in_the_trees@lemmy.world 10 months ago
In cobal nonetheless.
0x0@programming.dev 10 months ago
You mean COBOL.
cheese_greater@lemmy.world 10 months ago
Fraudsters HATE this one old-timey computer language
stifle867@programming.dev 10 months ago
I’ve heard 2nd stories of the few old-timers who still know COBAL, FORTRAN, etc who have very generous salaries working in sectors like banking. It’s probably too late now though.
hamptonio@lemmy.world 10 months ago
You’re probably better off learning java at this point.
0x0@programming.dev 10 months ago
It’s on my to-learn list.
stifle867@programming.dev 10 months ago
Either that or a literal Excel spreadsheet.