5 ms·
How about - money transfers within seconds, rather than day(s) - wire fees measured in pennies or dimes, rather than double digit dollars
by em500 6y ago
How about
- money transfers within seconds, rather than day(s)
- wire fees measured in pennies or dimes, rather than double digit dollars
- xg15 6y agoWhat stops a regular bank from doing this?
- toomuchtodo 6y agoTheir profits.
- AlexandrB 6y ago> - money transfers within seconds, rather than day(s) This is higher risk - what if the money transfer was part of a scam/fraud or criminal activity? The bank might be liable in these cases. At best, the convenience comes at the cost of (hidden) higher risk for both sender and receiver.