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<p>[QUOTE=&quot;fatima, post: 1308388, member: 22143&quot;]An interesting question to ask, is how do you characterize money access by a check?&nbsp; Is it digital currency?&nbsp;&nbsp; If you used one in a grocery store and the merchant runs it through a reader that clears it through ACH, how is this different than using a debit card?&nbsp;&nbsp; On the other hand if they simply deposit the check, and it clears through the legacy Fed check clearing system is it considered digital then?&nbsp; &nbsp; When the banks moved their ledger from written books to electronic computers, did the money change to something different?&nbsp; i.e.&nbsp; What is the difference between money recorded in a written bank ledger vs one in a computer system?[/QUOTE]</p><p><br /></p>

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