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Credit/debit cards are outdated and should be replaced by flexible and safer methods that allow fine-grained control over the payment (i.e one time payment, rec
by thefounder 7y ago
Credit/debit cards are outdated and should be replaced by flexible and safer methods that allow fine-grained control over the payment (i.e one time payment, recurring, limits on recurring etc).
Everyone with your card number can take money from your account. How stupid is that? Like giving the user/pass of your online banking.
- StavrosK 7y agoExactly, I don't understand why we can't do "push" money transfers and we have to do "pull"... Cryptocurrencies have a much better use case when it comes to the transaction UX. I also think some countries like the Netherlands have a "push" system that seems convenient.
- icebraining 7y agoMany countries have that (e.g. Portugal has had it for over a decade), the problem is that they generally don't work across borders. Hopefully SEPA can help with that.
- codedokode 7y agoI hope they will be replaced by cryptocurrencies without passports, sudden account blocking and other stupid bureacracy.