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In some countries, it is common to make even tiny payments (down to 10 cents) directly between bank accounts, instantly, for free. https://en.wikipedia.org/wiki
by kalleboo 7y ago
In some countries, it is common to make even tiny payments (down to 10 cents) directly between bank accounts, instantly, for free. https://en.wikipedia.org/wiki/Swish_(payment) https://en.wikipedia.org/wiki/Swish_(payment)
- buboard 7y agoit's not cash though (and not global). the promise of cryptocs is that we 're getting back the versatility and anonymity that we had with physical cash
- chabes 7y agoWhat about people without bank accounts?
- Scarblac 7y agoI don't actually know if that is feasible in, say, the Netherlands. I've never heard of paying taxes cash, for instance. And jobs pay wages to bank accounts.
- coldtea 7y agoThose people are usually not the demographic artists and content creators promoting micropayments have in mind in the first place...
- kalleboo 7y agoWhy would someone not have a bank account? Having a large unbanked population seems like one of those U.S.-centric problems which is rooted in something deeper.
- tom_mellior 7y ago> some countries The Wikipedia page says "Area served: Sweden" and points out that even Norway and Denmark use similar systems. So this is quite limited. But sure, would be good to have something like this globally.
- kalleboo 7y agoA sibling comment says there's a similar system in Australia - I don't think the Wikipedia "see also" section is anywhere near exhaustive on this topic, so no idea how many countries are covered. I agree it would be great to have something like this globally. Or at least to begin with inside of the SEPA (which recently introduced international instant payments)