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Would it be feasable for the government to acquire a mobile first bank and graft it onto the post office? Either chime, bankmobile, moven, or simple. Is it a
by basch 7y ago
Would it be feasable for the government to acquire a mobile first bank and graft it onto the post office? Either chime, bankmobile, moven, or simple.
Is it a space the government wants to compete against Apple and Google? If every mobile phone in the country comes with a free integrated banking service, how do you compete? Would the government better serve by using its resources to regulate interoperability and compatibility, and rule following, than by competing?
I totally get why a free post office bank would do great things to serve the underbanked. But if the government is going to get into banking, id like to see it go a step further, more like Singapore, and be some kind of new HSA type account offering, a forced savings account that can be used to pay rent and more.
- monocasa 7y agoIt's not politically feasible. The Republicans have been trying to kill off the USPS for decades now, and would torpedo any effort to expand it's scope in a way that that the USPS might be competent at.
- toomuchtodo 7y agoRight, you need more reps who support protecting and expanding public goods like the USPS, regardless of political affiliation.