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Isn't what you describe just cash? If you want the convenience of it being online, here in Sweden we have something called swish, it's essentially a bank trans
by cycomanic 7y ago
Isn't what you describe just cash?
If you want the convenience of it being online, here in Sweden we have something called swish, it's essentially a bank transfer initiated by via your phone number. It is free for non business transactions (I actually don't know how it works when used by a business). As far as I know bank transfers are free in most of Europe.
- dfgdghdf 7y agoThe phone number is the fraud prevention mechanism. In most countries you can't bulk generate a consumer phone number through an API. A Bitcoin "account" on the other hand is just a library call.
- TheColorYellow 7y agoThis isn't available across most of the world. Also would this work if you try going from say, Swedish citizen/bank to German citizen/bank?
- cycomanic 7y agoObviously this needs buy in from the respective banks in Germany and Switzerland, but otherwise I don't see why it wouldn't work. It is really just matching accounts with phone numbers and doing a wire transfer. I know there are no fees between Sweden and France or Germany, I assume its the same for Switzerland