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The reason you can transfer money online is because banks and payment providers are insured, so when things go wrong you can (usually) get your money back. Onl
by chriswarbo 10y ago
The reason you can transfer money online is because banks and payment providers are insured, so when things go wrong you can (usually) get your money back.
Online banking doesn't implement security features to make things safe; it's to make the insurance cheaper.
- snoman 10y agoYes, and the insurance is cheaper because the probability of things going wrong is lower. Transitively, they are doing it to make things safe.