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They're all trying to Venmo-ify payments. You run a balance on their platform and just pay with that. Tech companies are trying to become outright banks, but w
by debt 9y ago
They're all trying to Venmo-ify payments. You run a balance on their platform and just pay with that.
Tech companies are trying to become outright banks, but with none of the FDIC insurance or other safeguards that goes along with it lol. Innovation...
- briandear 9y ago> They're all trying to Venmo-ify payments. Not all -- Apple Pay doesn't do the balance on their platform thing. https://support.apple.com/en-us/HT207886 https://support.apple.com/en-us/HT207886