The real benefit is time of transfer. ACH is infuriatingly slow. If you'd like a payroll run to arrive in employee accounts on a Friday, it must be initiated almost a week prior.
BTC could (theoretically) make daily payroll possible. The net benefit to society could be substantial. Payday loan activity would drop considerably. Some, but not all, credit card use would drop. All of the instruments that help "time shift" money could become far less necessary, along with the substantial fees associated with it.
The real benefit is time of transfer. ACH is infuriatingly slow. If you'd like a payroll run to arrive in employee accounts on a Friday, it must be initiated almost a week prior.
BTC could (theoretically) make daily payroll possible. The net benefit to society could be substantial. Payday loan activity would drop considerably. Some, but not all, credit card use would drop. All of the instruments that help "time shift" money could become far less necessary, along with the substantial fees associated with it.