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What do you have in mind exactly? If by interfering you mean things like chargeback or denying transactions that appear fraudulent that's the point the parent w
by simias 8y ago
What do you have in mind exactly? If by interfering you mean things like chargeback or denying transactions that appear fraudulent that's the point the parent was making, for most people those are useful services, not drawbacks.
- colordrops 8y agoNearly instant global transfers. They could provide these with the caveat of higher risk, but refuse to.
- PeterisP 8y agoThere are multiple centralized solutions that provide (among other services) nearly instant global transfers, Western Union is the first that comes to mind. However, most centralized solutions that provide nearly instant transfers focus on one market (say, Eurozone or USA) and so they're not global - so there's no single "they" that could provide these with the caveat of higher risk, and it's a flaw of decentralization of international banking; the delays for worldwide transfers are caused by lack of a centralized solution neccessitating multiple bilateral transfers between unrelated institutions. Where a centralized system exists (e.g. Eurozone Target2 system), customers can have nearly instant payments within that system if you're willing to pay for that.
- colordrops 8y agoI've used western union on multiple occasions and can say that they are anything but instant or low friction.