From: "James A. Donald" <jamesd@echeque.com>
Date: Sat, 12 Aug 95 12:01:49 PDT
To: Tatjana vonBernhardi <unicorn@access.digex.net>
Subject: Re: Bank Fees and E-Cash
Message-ID: <199508121900.MAA19501@blob.best.net>
MIME-Version: 1.0
Content-Type: text/plain


At 02:53 PM 8/11/95 -0400, Tatjana vonBernhardi wrote:
> you have surpassed yourself in assumption here.
>
> your hope that e-cash will some how reduce bank fees is a long stretch.

Eventually people will bypass the banks, directly transferring funds
to each other.  This will reduce the banks fees to zero.  The
banks will gradually lose control of the indecently lucrative 
funds transfer business, and have to go to the bread and butter 
business of borrowing short and lending long, and evaluating 
credit worthiness, and providing guarantees of payment.


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